I am not trying to be a smart asp here

Just looking to understand

of course I understand selling resistance BUT GDX

gdx day

All these lines are some form of resistance

however in the last 6 months they have not produced a tradable counter trend

Which resistance Line is THE ONE ?

I have hedged part of the PF at all these lines ….paid the insurance …to no avail

Your take ?

I am guessing the 50% FIBO ( after the gap Fill) might be THE one where we get a real consolidation (tradable) Pattern