That critical low made by wave ( 4 ) down is located at 25.98.I watch here an A-B-C down structure of subwave ( B ) down. There are two clusters of targets formed by extensions and retracement levels:
Cluster 1:: C = 109.2% of A down = 27.26 and 66.7% retracement of ( A ) of ( 5 ) = 27.29;
Cluster 2:C = 123.6% of A down = 26.94 and 76.4% retracement of ( A ) of ( 5 ) = 26.91;
Those two clusters form my Green Target box.If GDX drops into that Green Box and manages to hold inside then we may expect a new rally in GDX targeting new highs over $31-32.
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