Yes - I drew a potential wedge on the GDX 60 minute yesterday
and showed it in newsletter last night as something to monitor.
It's not ideal since the MACD has yet to show divergence.
A true wedge should bust out hard and fast so adhere to stops
if it's not ready.
GDX 30
Posted by steve on 28th of Oct 2016 at 11:21 am
GDX - Chart Link
Is this falling wedge valid on the 15?
Posted by angelique on 28th of Oct 2016 at 11:54 am
Yes - I drew a
Posted by steve on 28th of Oct 2016 at 12:13 pm
Yes - I drew a potential wedge on the GDX 60 minute yesterday and showed it in newsletter last night as something to monitor. It's not ideal since the MACD has yet to show divergence. A true wedge should bust out hard and fast so adhere to stops if it's not ready.
Thanks Steve
Posted by angelique on 28th of Oct 2016 at 02:02 pm
Kept a close eye - in and out. Thanks!