GDX - Chart Link - yes I know it's a
monthly but only mention because couple weeks ago I mentioned a
conservative price target of about 20 based on a the wedge, it's
basically hit that.
Steve and I called that wedge early last year, at the time we
said it would take months to play out and make a new low wave E
first, and that's what happened.
and one thing on that monthly, maybe price goes higher and
breaks symmetry, the 20 area is a symmetry move, so goes well past
the 20 area, then is better set for that longer term higher low.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
GDX monthly
Posted by matt on 24th of Feb 2016 at 10:23 am
GDX - Chart Link - yes I know it's a monthly but only mention because couple weeks ago I mentioned a conservative price target of about 20 based on a the wedge, it's basically hit that.
Steve and I called that
Posted by matt on 24th of Feb 2016 at 10:25 am
Steve and I called that wedge early last year, at the time we said it would take months to play out and make a new low wave E first, and that's what happened.
When is that pullback coming?
Posted by pebs on 24th of Feb 2016 at 10:27 am
When is that pullback coming? I need to get in!
who knows... and one thing on
Posted by matt on 24th of Feb 2016 at 10:29 am
who knows...
and one thing on that monthly, maybe price goes higher and breaks symmetry, the 20 area is a symmetry move, so goes well past the 20 area, then is better set for that longer term higher low.