GDX - Metals Trading | Elliott Wave Structures I Q2 2019

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GDX - Elliott Wave Outlook

Bullish Swings - Patterns:
ABC swing in Intermediate (A) (green
Simple Correction in Intermediate (B) (green)
Ending Diagonal in Intermediate (C) (green)

Bearish Swings - Patterns
Sharp Bearish Impulse in Intermediate (A) (light blue)
Simple Correction in Intermediate (B) (light blue)
Ending Diagonal in Intermediate (C) (light blue)
Bullish Harmonic Pattern

Next expected swing:
Bullish leg in an attempt to reenter the Channel.

Structure change:
A breach on the down-side in an impulsive manner could lead towards a down-trend confirmation for Precious Metals.

Trade active:

Starting an attempt for the up-side.

Comment:

Comment:

GDX is not done with the bullish sequence.

Labeled in an Ending Diagonal for Cycle C (black).

Comment:

Ending Diagonal about to finalize.