MoneyFlowTrader

multiple levels of divergence on GDXJ

Long
AMEX:GDXJ   VanEck Junior Gold Miners ETF
2
Weekly GDXJ still showing a bearish head and shoulders pattern (bottom right hand corner).. However, share price shows a IHS which lead to a cup/handle pattern. You can see this on my 30min charts. I will be a buyer once the AD breaks up over the weekly trend line level. $38.50 looks like strong confirmation

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