AMEX:GDXJ   VANECK VECTORS JUNIOR GOLD MINERS ETF
193 2 0
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:
http://open.spotify.com/track/56Nl0MD5g8lQAtL1FmQQm9
https://www.youtube.com/watch?v=Fh_S8EJnRv0
Extra: https://www.youtube.com/watch?v=AT1isgc57O4 (Like the bass)
But as always.... time will show
Safe trading ladies and gents!
BM
Wall St Scalper
Mining industry is now seeing action on projects:
20/01/2014 Copyright 2014 Cambridge House International Inc. All rights reserved.
http://www.youtube.com/watch?v=oW-_6EttPXk
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GDXJ Update:
There is infact a break out of upper trendline ....indeed a bullish argument
snapshot
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