The breakout to the south of the ABCDE triangle could be reversing very soon, as the longs have been scared out of their shares in a multi-day bloodbath, and now it is time to load up before the reversal. The mining shares have diverged from gold
itself, as the same pattern is present in GDX
, but sans bloodbath breakdown. If gold
reverses into the triangle, the miners should be leading the way.