INVERTED HEAD AND SHOULDERS
Jus my personal view - still waiting for a buy, see also and
Inverse head and shoulders still intact. I'm L
I think I'll go long the next days, if 25 holds as a support line. My opinion only - GDX is very volatile - as you know . . .
So far, higher highs and higher lows on daily - approaching long term upper channel downward trend line.
Has been getting shut down at this level in the past few months......
I'll use this level and the current reaction to measure the strength of the sell off.
I'm liking the action.
The miners have been beaten down since late 2011. GDX has formed a perfect bullish bat. Watch price in PRZ. If a reversal occurs, it could be massive....
Gold Miners bottom has formed on large volume...
looks like capitulation to me on the weekly. reversal candle too... easy risk management. I'd look for this to move back into the high 40's
