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12 RETECH CORPORATION, SPDR S&P 500, GENERAL ELECTRIC COMPANY COMMON STOCK, TITAN PHARMACEUTICALS, INC. - COMMON STOCK, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, ISHARES MSCI EMERGING INDEX FUND
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Planning to scale into trade til gap covered. Hoping to go up before hitting resistance above. Around 8 day hold.
Larger Wave B should be near completion
breakout pattern noticed.
tgs gap fill/ also a .618 fibo
after completing a long drawn out wave 4 correction following a 6 year impulse down from its 2011 hughs.
PA near 19.75 is key in my thoughts. We might not ever get that low. Safe trade Big profits :-)
A double Zig-Zag in the (c) – wave would achieve a measured move equal in length to the (a) – wave.
If it was a true breakdown price should had opened by a gap and drop hard.
This is going to be a false breakdown from the range.
We will be heading to 25 $ soon.
Watch that level. $DUST may dump if we break it.
Expecting $17.00's at this point. GDX looked like it would start a bull pattern earlier this week but failed multiple tests to pass $19.00.
Needs to break $19.08
Should see 16 soon....
$GDX #GDX is very oversold on the weekly chart and looks bullish to me. I'm already in $NUGT since $12,40 and therefore I'm positive also.
Nothing is sure yet, I know.
I've also placed an order of silver XAGUSD at $13,75
After Weeks over selling GDX is trying to form a bottom. RSI oversold, bouncing off old resistance (now support), Break of $18.5 will likely lead to recovery up around 21$
GDX is currently finding support
How to trade it:
- Enter a small position at these levels
If it bounces to 19.20-20.5 sell for a quick flip.
If it drops further double down 17.7-17, downside past this point is unlikely as GDX is already oversold. Sell the bounce after this second buy.
Not financial advise, just educational
Update 9/1/18: Gold (Precious Metals) Miners Sell Off
Fourth Wave corrective bounce continues. Likely PM's are tied to the dollars bounce, and will keep selling off until it tops...
!!! Disclaimer: Personal idea only, not a trading advise!!!
Miners will suffer a bit more until wave 5 has finished.
Short Target 19.25, I think there is a inside bar for that reason i think it is possible Bullish add other tools.