GDX
I am sure almost everyone has read Avi’s posts and are familiar with the targets he has been anticipating, expecting one last flush before we get a reversal. This chart has the price action created today only, it concurs with Mr. Gilberts PO in the 19.70 – 19.80 range. price needs to get into the 20.62 – 20.72 range to finish the set up.
Chart in comments
http://invst.ly/2to9k
19.70 is just the 62.8 Fibo retrace…obvious target
Just another piece of the puzzle that takes the odds up we may touch that fib
Avi is good, that’s spelled with two “O”s, not one.
🙂
I still don’t think it’s done yet. Structurally I think it is perfect area for a low, may not be of course. But the markets never make it easy they always want to shake the tree one more time. The market lets to travel alone.