Junior Gold Miners ETF have been bitten up or rather down for the last 3 years.
In this process it has completed a huge ABCD at the purple line in 32.44. At the end it has created a smaller shs pattern.... but target hasn't been reached so far at yellow line 15.75 (lowest is red line 28.97) and neckline is now being challenged. Is it a backtest or .....?
Speculative: At a move and close above neckline for 2-3 consecutive days the shs pattern will be negated and I will be bullish. ;) If above pans out I see a 0.236 retrace of the complete purple ABCD move for a good beginning. I see the complete ABCD move being finished and with price above purple line ....it could be very bullish ;) Music at work: open.spotify.com/track/56Nl0MD5g8lQAtL1FmQQm9 youtube.com/watch?v=Fh_S8EJnRv0 Extra: youtube.com/watch?v=AT1isgc57O4 (Like the bass) But as always.... time will show Safe trading ladies and gents! BM
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.