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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CoinedByCrypto
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GDXJ Update:
There is infact a break out of upper trendline ....indeed a bullish argument
CoinedByCrypto
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Mining industry is now seeing action on projects:
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youtube.com/watch?v=oW-_6EttPXk
There is infact a break out of upper trendline ....indeed a bullish argument