Posted by dallassteve on 27th of Aug 2012 at 10:25 am
GDX is still inside that tight triangle you showed last week,
Matt.
Looks like it has to pop very soon now. GDX is up against
stiff resistance. I wonder if we will see a false break above
the triangle, and then a plunge.
I will watch the renko system for a short signal before I pull
the trigger.
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GDX 5min
Posted by matt on 23rd of Aug 2012 at 03:39 pm
GDX - Chart Link - Triangle Forming
GDX triangle
Posted by dallassteve on 27th of Aug 2012 at 10:25 am
GDX is still inside that tight triangle you showed last week, Matt.
Looks like it has to pop very soon now. GDX is up against stiff resistance. I wonder if we will see a false break above the triangle, and then a plunge.
I will watch the renko system for a short signal before I pull the trigger.