AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
25 3 1
Approaching resistance region and targets for minor wave 1 off the lows. I've adjusted wave degrees, but price targets and support are little affected. Caution is warranted as GDX             could see a 16-26% drop in wave 2, however, shallow retraces are certainly possible.
Over 20.40 and its possible the count presented is off. YES, waves 1-2 can be complete as indicated in blue.
GDX closed right on support for continuing wave v of 1. Also possible today's decline represents an a-wave of ii in an ending diagonal.
snapshot
Reply
15 minute detail for anyone interested. I've indicated my profit taking area and stop. Already took 1/3 profit near yesterday's close from entry on Monday 3/14.
snapshot
Reply
Correction, over 24.10, not 20.40... Sorry for the typo...
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out