Goldtent TA Paradise

GDX 60

1. pedro_deleon says:

   August 17, 2018 - 4:45 pm at 4:45 pm

   Lots of technical damage done at higher degrees.
   On my tools, no final bottom for weeks, if not months.
   EW says that after a waterfall move, expect a 4.
   Taverna (everyone in EW, actually) warns that 4s are difficult beasts to trade. Expect triangles, complex corrections etc. You can try, sure … but plan for frustration.
   And don’t expect this low to hold. That being said, I’ve seldom if ever seen charts break substantially through their 3 std dev monthly bollinger bands. Like they did here.