AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
150 27 10
Over 23.28 I'm giving the yellow count the remotest possibility. Otherwise, looks like the last stages of a decline in wave (2) to the ~21.95 region. Smaller time frame will have tighter target region for green (v) of C of (2).

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I've slipped the old white line over in time, turned it green to match the corresponding count. This is what I believe is playing out, and the positive divergences look like they could develop nicely into one more low. Bidding my time on a long entry in this complex.
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Jv200909. nick.holland78
Hi Nick, Is Green your primary? Red still valid? And white omitted?
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green line is the new white. I just changed the color to match the count labels and differentiate the delay in time. Sure, the red is possible. Also possible that (2) completed in a W-X-Y and price takes off. Only a clear impulse up, followed by a corrective pullback holding support, then taking out the high of that presumed 5-up would have me looking higher directly from here.
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Here's the way I see it. Straight up to yellow (5) seems doubtful from here, but impulsive bounce then holding a corrective retrace would be the set-up.
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nick.holland78 PRO nick.holland78
And before you ask, I'm not sure about timing. Will be looking for positive divergence on RSI and MACD with another low. (green lines approx., not prescriptive)
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Jv200909. nick.holland78
I don't know the timing for the low.
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Jv200909. nick.holland78
Nick, any idea if we are still in wave iv?
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Jv200909. Jv200909.
Looks like the iv we saw few days ago was iv of iii. Now the green (iv) on your chart.
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Jv200909. nick.holland78
I don't think so too for yellow 5. Maybe some kind of a complex wave iv for a few days? I have a very small core position which is in red now; it's not a lot, but still, I don't want to rush anything. Maybe it's time to follow Avi.
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Yellow count very unlikely. Arrived in 1st target, should see a bounce soon before 22 region.
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