I updated this post because it contained errors!

I also put notations on the chart showing the WAVE points as it can get confusing.

Here is a projected Elliott Wave count for the GDX.

Since the rally began we have had a perfect 5 count sub waves up (completed)

This concludes the FIRST WAVE

Followed by a ABC correction (completed)

This concludes the SECOND WAVE

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Here is a description of a FIVE COUNT. (Both Major and Minor sub waves have the same structure)

A FIVE COUNT is

FIRST WAVE up (contains 5 sub waves)

SECOND WAVE down

THIRD WAVE up

FORTH WAVE down

FIFTH WAVE up

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We are currently in the 3 sub wave up of  the (THIRD WAVE) up

This projection tags the high for this  3 sub wave as

31.30 on 26th July

Followed by 4 sub wave down (corrective)

This projection tags the low of this 4 sub wave  as

29.05 on 1st Aug

Next a Fifth  sub wave up tags

36.05 on 6th Sept

THIS COMPLETES THE THIRD WAVE

Further out it sees a corrective FORTH WAVE wave tagging

31.36 on Sept 29

Now the fun begins THE FIFTH WAVE

The (5) wave tags 45.54 (off the image) peaking on 11 Jan 2017

GDX - Primary Analysis - Jul-21 1730 PM (1 day)