GDX weekly fork and trendline intersect
Last chart credit to Eagleseagle though he mentioned possible shoulder at 20.
Polls
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Create a right shoulder at $20? IH&S…
Certainly a possibility EagleSeagle.
I think the important takeaway is the downtrend line as the fork is very subjective. There were a few hit and misses. Tried to use most touches on start of centre line which in turn took away some possible touches near the current price action. Will be interesting to see how the week ends.
on a weekly chart that run from Jan sure looks parabolic…and what’s the saying about parabolic runs—they aren’t stable…but I see everything through bear glasses right now….
It was quite the run and parabolic sounds right. I have the bull glasses on but am really interested in what EagleSeagle said. A possible inverse H&SH. The fact that the possible neckline hit square on the downtrend line makes me think the setup might indeed be a H&SH bottom in the making.