GDX - Chart Link- GDX gapping up - remember
there's an open gap that will almost certainly be filled on the gap
up, and a supply zone - watch to see if price starts to struggle or
pullback once it fills the gap and tags that area
again, because of the bullish break in symmetry and I can only
count 1 wave up, the next pullback should be bought - should be
some sort of 3-wave abc. You may need to zoom down to a smaller
time frame to see 3 waves
Thx for those type of updates .... I still struggle at
times between chasing and wait for a pullback ... your symmetry
break stuff do help a lot determining the type of bounce we
are getting and how to deal with it ...
here's an illustration of what I'm looking for, some sort of abc
like I show, note there's an open gap below that could be a
target
again I'm not saying that price pulls back right from here and
the ABC starts now, price can rally and breakout out of that supply
zone and go higher first, all I'm saying is that once this initial
move ends, I'm looking to buy a dip 3 waves ideally
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GDX trade comments
Posted by matt on 5th of Mar 2024 at 09:29 am
GDX - Chart Link- GDX gapping up - remember there's an open gap that will almost certainly be filled on the gap up, and a supply zone - watch to see if price starts to struggle or pullback once it fills the gap and tags that area
again, because of the bullish break in symmetry and I can only count 1 wave up, the next pullback should be bought - should be some sort of 3-wave abc. You may need to zoom down to a smaller time frame to see 3 waves
Update: GDX trade comments
Posted by matt on 5th of Mar 2024 at 11:29 am
GDX - Chart Link- stalled at the top of that supply zone
Thx for those type of
Posted by mla127 on 5th of Mar 2024 at 09:36 am
Thx for those type of updates .... I still struggle at times between chasing and wait for a pullback ... your symmetry break stuff do help a lot determining the type of bounce we are getting and how to deal with it ...
Update: GDX trade comments
Posted by matt on 5th of Mar 2024 at 09:34 am
GDX - Chart Link- updated chart, gap filled, price got near the top of that supply zone
here's an illustration of what
Posted by matt on 5th of Mar 2024 at 09:40 am
here's an illustration of what I'm looking for, some sort of abc like I show, note there's an open gap below that could be a target
again I'm not saying that price pulls back right from here and the ABC starts now, price can rally and breakout out of that supply zone and go higher first, all I'm saying is that once this initial move ends, I'm looking to buy a dip 3 waves ideally