cfetrader
Long

GDX +ve reaction probability

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
175 1 4
An hourly bullish shark pattern offers a rise possibility for the gold             mining stocks ( GDX             ). If this evolves into a 3rd wave type advance, then a target around 18 (actually 16+0.618x(16-13)=17.85) could be possible (covering the period that leads towards the FOMC meeting at 16-17 September). After the completion of this reaction, the declining trend is expected to resume with an anticipated low target anywhere between 8 to 10.
great trade so far! not much people using bollinger bands nowadays))
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