bageltokki
Short

GDXJ/Miners - Still in downtrend

AMEX:GDXJ   VANECK VECTORS ETF TRUST JR GOLD MINERS ETF
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Miners finished a nice 5 wave move from 37s to 43s and are currently on a 3 wave pullback. wave a was complete with a 5 wave structure so we should be expecting a 5-3-5 pullback.

wave b currently being completed with hopefully a retest of trump election highs and possibly to 42s. Will try to grab a long position in JNUG if presented the opportunity. if not, will wait for a 5-wave micro structure to complete wave b and get ready for a short to lower lows. current target is at .78% fib for big wave structure
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