GDXJ
Here is a bearish interpretation with the EW triangle count in a wave B
At 34.87 wave E will be at a 61.8% retracement of wave D, a typical target. At that point it will also be hitting the trendline which is drawn through weekly closes on a log chart. So a weekly close above say 35.2 would pretty well invalidate this count. However a rejection near the trendline and any impulsive selling follow through would point to much lower prices potentially.
Interesting, different labeling, but along the same thoughts as the “E” scenario. Simple as ABC? I wish…