Bandarsq
Short

ABC Pattern in Place

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
Comment: GDX in Weekly Chart. RSI shows overbought.
Comment: Broken channel.
Comment: 23.3 was a good support level. It got broken.
Comment: Updated EW count.
Thanks for sharing. I have a slightly different labeling. Just wondering how do you know we are done with a "a-b-c" correction, rather than in the impulse of a A wave of a larger "A-B-C"?
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The inner waves structures suggest that it's more of a correcting pattern.
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Dll Bandarsq
I feel the pull back after you c wave ending diagonal is too shallow. I initial also think it's gonna pull back to ~19 level but now it seems like so many buyers that even 21-22 level is not easy to get.
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roguhly in how many days do you see this Target being reached ? Thanks for your thoughts !!
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Bandarsq vchelimella
Probably two weeks.

Welcome!
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vchelimella Bandarsq
Thanks whats going do you still agree for GDX 19.31
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Bandarsq vchelimella
Yes I do.
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Awesome Bandarq. Was wave 5 target hit already so next target is $19.3?
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Thank you @keefer0
Yes the pattern abc as a whole is complete imo.
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