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As you know, GDX bounced nicely the last couple of days, but it really had everything lined line - you had Demark 13 - you had price at the 61.8% Fib (the master fib) - you had a daily uptrend line
whenever you have multiple technical factors all at once, not just one thing, that's powerful
Now what? Take a small position?
A typical retracement following 5 waves up is .50-.618 Fib often in an abc pattern but follow your plan
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GDX had everything lined up
Posted by matt on 2nd of Jun 2023 at 08:35 am
As you know, GDX bounced nicely the last couple of days, but it really had everything lined line
- you had Demark 13
- you had price at the 61.8% Fib (the master fib)
- you had a daily uptrend line
whenever you have multiple technical factors all at once, not just one thing, that's powerful
Now what? Take a small
Posted by jaysz on 2nd of Jun 2023 at 10:11 am
Now what? Take a small position?
A typical retracement following 5
Posted by steve on 2nd of Jun 2023 at 10:12 am
A typical retracement following 5 waves up is .50-.618 Fib often in an abc pattern but follow your plan