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Watch gap, especially 1/2 gap–during strong uptrends the 1/2 (dashed black line) often contains a move before a turn around…
NUGT Daily with a approx. $88 target of upper gap line and diagonal trend line…
I dont think GDX is dropping further than $24.50 before continuing to move higher. I will be adding at that level if we get there. I think you are expecting much too large of a pullback.
Added the grey square area as target…upper 1/2 of gap.
Just my read from some of my GDX-based charts but I don’t think the corresponding NUGT price will drop below $92.50.
The way your TRIX is still crossed down with slow stoch near o\b and MACD lagging noticeably, could get a gap fill.
on your daily chart that is
Appears 25.85 GDX will be breached; thus, completion of bull flag on the daily/60 minute…move picking up momentum…