We can count a huge (A) up, (B) down, (C) up move off the lows of 2016 as a completed wave (1) up:
Wave ( 1 ) up topped in August 2020.
Off that top GDX declined in a large corrective (A) down, (B) up, (C) down structure of wave ( 2 ) down:
That move up out off the Green Box looks like start of a macro five wave up rally in subwave (A) of wave ( 3 ) up targeting 46 – 47.
This is an attractive long term long setup.
$NQ #NQ #trading setup #Elliott Wave #a-b-c bounce Two paths I will be watching for a corrective a-b-c- up bounce
$ES #ES-mini Yesterday Es dropped as expected but did not hit the target 2 = 5,973.50. Then we got a
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