GDX 1D TW

Miners are a short-term buy with a longer-term sell signal on harmonics. The weeks old framework of expectation remained intact and the right translated W shape recovery works as well. Primary target is the gap close at 29.5 GDX then, when dollar pops up and equities to correct, forecast on miners is to see a drop but to see a quick recovery. We can see a short-term buy but a longer-term sell signal on 2D MV chart and an elevated buy signal on the SBV. The sell signal on SBV is still higher than the buying signal meaning the correction is confirmed. Time to measure a fakeout on 2D MV fakeout chart for miners: we can see there a fake bull setup. The forecast was punctual both in the meaning of timing and targets and needs no update.