remember GDXJ broke symmetry and made a lower high which is what
you would expect after a symmetry break, while GDX might a higher
high because it didn't break symmetry
now one thing to watch for is a break in symmetry on GDX, if
that occurs it could form a RS on the next bounce. GDX is likely to
at least test its 50 day MA as it hasn't tested that since may, so
that would be my minimum target on this initial sell off
GDX Views
Posted by steve on 6th of Sep 2019 at 01:14 pm
GDX - Chart Link - 15 minute working lower
GDX - Chart Link - daily broke down from rising wedge (divergent high)
GDX looks close to reaching
Posted by amp43679 on 6th of Sep 2019 at 03:30 pm
GDX looks close to reaching 2.4 symmetry from high of 30.96 from Sept 4th
remember GDXJ broke symmetry and
Posted by matt on 6th of Sep 2019 at 03:54 pm
remember GDXJ broke symmetry and made a lower high which is what you would expect after a symmetry break, while GDX might a higher high because it didn't break symmetry
now one thing to watch for is a break in symmetry on GDX, if that occurs it could form a RS on the next bounce. GDX is likely to at least test its 50 day MA as it hasn't tested that since may, so that would be my minimum target on this initial sell off
something like this
Posted by matt on 6th of Sep 2019 at 04:18 pm
something like this