AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
33 views
0
33 0
GDX is setting up for a strong bullish rally off the January lows. IF the low is in - increasingly likely - then the recent bullish rally is tiny in comparison to longer-term potential. Targets as shown are notional until wave ii is complete, followed by confirmation with taking out the top of wave i.
The application of Elliot Wave theory with Fibonacci extensions used here is not a timing system - placement of future targets are NOT predictions of timing. This rally, if truly bullish , could accelerate quickly with shallow retraces.

Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out