GDX quick move to upside.Planning to scale into trade til gap covered. Hoping to go up before hitting resistance above. Around 8 day hold.
VEF5 trade ideas
GDX- Is symmetry beautiful?PA near 19.75 is key in my thoughts. We might not ever get that low. Safe trade Big profits :-)
GDX VANECK VECTOR stands in front of a large rise...GDX VANECK VECTOR stands in front of a large rise. Your exchange rate can practically doubled. Therefore, gold miners' stocks are a good investment. The exchange rate increase can be achieved by building a triple wave structure. The first correction can start at 29 usd levels. Its size is 0.25 D1 ATR. Next, the second wave structure could be built with a target price of 35.89 usd. Then a 0.5 D1 ATR correction is expected and further rise. The third wave structure can reach 43 usd levels.
Bear trend in tact (Dow Theory)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.
GDX: The Hated Gold Miners Sector is showing some signs of life after completing a long drawn out wave 4 correction following a 6 year impulse down from its 2011 hughs.
Bearish Cycle Wave in the Gold Miners ETFA double Zig-Zag in the (c) – wave would achieve a measured move equal in length to the (a) – wave.
$GDX oversold on weekly$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
$NUGT
$DUST
GDX is in recoveryAfter 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 good buy in for a flip or a long term accumilationGDX 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
Cycle View of Gold Miners ETF: GDXUpdate 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...
Miners pain not yet over!!! Disclaimer: Personal idea only, not a trading advise!!!
Miners will suffer a bit more until wave 5 has finished.
GDXShort Target 19.25, I think there is a inside bar for that reason i think it is possible Bullish add other tools.
GDX headed to $171) prior support and resistance at $17
2) fibonacci 0.78 level at $17
2) $17 target corresponds to cocordant height of descending triangle breakdown
GDX Broke multi year supportGold miners have taken a hit with metals and broke a multi year support.
I will be looking to enter a short around the kijun.
1. Price below cloud
2. TK cross bear
3. Bearish cloud
3. Lagging span below cloud.
GDX POTENTIALLY TO SET BULLISH GARTLEYIn the weekly chart the movement of the GDX last month continues to decline out of the sideways channel and the triangle pattern is bearish. Although there is a rebound after touching the support at 18.55, bearish pressure is clear as long as the index value is still moving in the formed downtrend channel, or the index value is unable to move up above 22.93 as the previous swing high. A downtred push has the potential to set Bullish Gartley pattern if the GDX value touches to the next support in the 16.62 area, meaning if the pattern has been fulfilled then the last point of the pattern has the potential to be a reversal zone, a failed pattern is formed if the price turns up and exceeds 25.71.
Short $GDX transition to Long $GDX Play$GDX has been the consolidation king for quite some time. Many big players have been gambling on the options of this fella yet the GDX refused to breakdown/up from the consolidation pattern. FINALLY, this fella broke down and this is just the 1st inning of this potential short which we will enter a short after taking profits.
