GDX The impulsive break of the wave (i) of ((c)) high of 30.16 indicates the continuation of trend higher through 32.92 and 36.26. Downside should remain corrective against the wave (ii) of ((c)) low of 27.02.
Note
The recent decline is rather sharp and not conducive towards the bullish interpretation against the 27.0 low. If the low is violated, it would signal more downside towards 21.51
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Jayce, CEWA
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Jayce, CEWA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.