ABX is The Chart to Watch if you are in the PM market
Very Important spot right here here IMHO .
Head and Shoulders has a PO of 9 !
The Breakout Gap has now been closed
Todays action could be THE backtest before the crash
The chart has permission now to deteriorate .
Its a strong backtest though
It stopped right on the downtrend line too !
ABX had a direct hit on its 50% retracement ( Fibo) and now has stopped at the 38.2% fibo
Fascinating
IMHO this is THE chart to watch
IF we can get more follow thru in the next few days / week…this could become a false breakdown
and we all know what that means …usually a strong move in the opposite direction
However if we start to fall away from this point…things will become very uncertain for the Bulls
Pass the popcorn and follow this chart
https://stockcharts.com/h-sc/ui?s=ABX&p=D&yr=1&mn=0&dy=0&id=p37268268240&a=480898897
Very realistic of the possibilities.Thanks.