GDX monthly

    Posted by matt on 22nd of Jul 2015 at 04:52 pm

    GDX - Chart Link - For this potential wedge per the rules, wave E cannot exceed wave C, so for you gold bugs, you better hope it stops going down soon...

    so technically wave e can

    Posted by himsa on 22nd of Jul 2015 at 05:38 pm

    so technically wave e can still go down 1.50 more

    technically probably better if it

    Posted by matt on 22nd of Jul 2015 at 05:48 pm

    technically probably better if it doesn't.  Just like technically wave 4 can't overlap the high of wave 1 on a 5 wave pattern, but in reality you don't want to see wave 4's pullback even close to that amount, probably same thing here.  

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