I went long around 48.20 a few days ago but its retraced 50% of
the loss from the high so I am going to take profits here. Every
chance it will rally further as MACD hasn't rolled over yet and I
don't see any divergence on the timeframe i look at. But its
struggling at this 50% fib level
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I went long around 48.20
GDX 15 MIN divergence
Posted by vimal on 27th of May 2010 at 02:15 pm
I went long around 48.20 a few days ago but its retraced 50% of the loss from the high so I am going to take profits here. Every chance it will rally further as MACD hasn't rolled over yet and I don't see any divergence on the timeframe i look at. But its struggling at this 50% fib level