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GhostOfHarambe
Mar 20, 2017 3:27 PM

NEM - Looking for a breakout from $46.00 to $61.00 Long

Newmont CorporationNYSE

Description

NEM is completing a descending wedge with support at a 0.5 Fibonacci level. In the event of an upward breakout, expect to see price rise to at least $46.00 (top of wedge resistance), but possibly $61.00 if price completes an ABCD pattern.
Comments
LetsBeMillionaire
if you see carefully, almost all the miners having same chart pattern. just FYI. So most of them follow the same pattern.
GhostOfHarambe
@jigneshrathod,

I wasn't aware of that, but I'll take a look. Thanks!
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