GDXJ has been on a downturn, but rose as the market took hits the past couple of days.
Day timeline still points for a small dip (possibly as the market rises early on Monday), and then a rise (as the market begins to fall.
Stop Loss/Invalidation is at the previous .786FIB
Minimum rise should be to .618Fib of most recent breakout (reverse would indicate false breakout again)
On Day timeline it shows as a breakout on a downtrend.
Minute and Weekly timeline indicators still point to a bit more to pullback before the upturn.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Day timeline still points for a small dip (possibly as the market rises early on Monday), and then a rise (as the market begins to fall.
Stop Loss/Invalidation is at the previous .786FIB
Minimum rise should be to .618Fib of most recent breakout (reverse would indicate false breakout again)
On Day timeline it shows as a breakout on a downtrend.
Minute and Weekly timeline indicators still point to a bit more to pullback before the upturn.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*