GDX Weekly
Two Patterns to watch IMHO
Keeping my eye this chart. But its a weekly and that triangle can contain the price for another nine months
OR we could get THE breakout any time now. Its definitely getting late.
Note:
TSI Indicator flat as a pancake…completely non committal
Price bound between the 50WEMA and the 20 WEMA
A nice confirmed Higher Low is in place
So………Accumulating Rocks here is the plan for me.
Waiting for the break is also a good plan but sometimes you get left out as whichever way it breaks can be violent.
Eye on the prize. Good Luck to us all.
I’m betting on an upside breakout of that damn triangle/wedge.