Loading ...GDX 15-Min – Diamond Top Forming?
During the last couple of weeks I showed how I thought a diamond or W bottom was forming on the GDX daily charts. Now I believe we have a diamond top forming on the intraday charts. I think this will simply signify a corrective move back to shake out some weak hands before continuing to push up towards $18.
Nothing is a sure thing but this looks like a great swing short set up. I cant imagine being long here. (For Shortstack)
Adding to DUST and JDST here
Thanks for letting us know. Keep us updated.
Thanks for the information. Much appreciated, just like all the other postings here at Goldtent 🙂
gdx still seems bullish to me ..its holding that midline support.. maybe it cracks
on the daily, gdxj hit a resistance zone and perhaps that is why gdxj is weaker.. im hoping to go long on a further pull back which i hope we get; but am not willing to short it.
http://charts.dacharts.net/2015-10-07/d1157.png
It doesn’t look bullish right now in the short term. I refuse to give back the long profits and I see good opportunity make some on the short side here until we get a better set up. I added a chart for you.
thanks for the chart. Your last chart does seem more bearish in the short term.. .i would not want to be long here either as it does have its own risks.. does seem like its due for a pull back…please note im actually hoping for a pull back to get long… just not wanting to short it.. like to play with the trend on a pull back… best of luck to you on your trade.. your chart makes good sense on a short
http://charts.dacharts.net/2015-10-07/d1159.png
here is gdxj 5 minute ..
http://charts.dacharts.net/2015-10-07/d1158.png
this 5 minute favors your scenario.. gdx stepping down in the channel.. gdxj 5 minute actually looks much worse
Yes, lets watch the structure on any price pullbacks.