yes on GDX we'll see, again while that area doesn't guarantee
that GDX will bottom there, it at least gives an area for a tight
stop, which is really what trading is all about - it's finding
areas of possible inflection where you can place a trade with a
tight stop and a reward that is many times larger than your
stop
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Thanks Matt….I too have been
GDX nearing 61.8% Fib now
Posted by jksnyders on 25th of May 2023 at 09:55 am
Thanks Matt….I too have been watching and now seems to be time for a low risk entry. Done!
yes on GDX we'll see,
Posted by matt on 25th of May 2023 at 10:13 am
yes on GDX we'll see, again while that area doesn't guarantee that GDX will bottom there, it at least gives an area for a tight stop, which is really what trading is all about - it's finding areas of possible inflection where you can place a trade with a tight stop and a reward that is many times larger than your stop