Here’s the GDX h&s pattern I was referencing in Plunger’s message.\u00a0 I think the 38% bounce from the “head” may be all we get to the upside during this corrective move.\u00a0 We certainly have conditions ripe for this pattern to play out including the divergence at the head and all the weekly charts showing resistance immediately overhead. I think the next\u00a0week or two\u00a0may be spent forming the right shoulder to the neckline and then we break support for the next leg lower towards the bottom of the weekly channels.\u00a0 Did you guys see all the bearish engulfing candles today on the miners???…including the GDX.<\/p>\n
Edit – Eagle – adding a DUST chart.\u00a0 I know this sounds crazy but a 5-day move to the top of the channel wouldn’t shock me from here! Talk about your acceleration.<\/p>\n Here’s the GDX h&s pattern I was referencing in Plunger’s message.\u00a0 I think the 38% bounce from the “head” may be all we get to the upside during this corrective move.\u00a0 We certainly have conditions ripe for this pattern to … Continue reading ![\"GDX\"](\"http:\/\/goldtadise.com\/wp-content\/uploads\/2015\/09\/GDX.png\")
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