• Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ
Menu
  • Home
  • US Market Updates
  • Education
    • Beginners Video Course
    • Intermediate Video Course
      • Syllabus of the Course
    • Trading Like A Pro Video Course
    • Video Lesson of the Week
  • Blog
  • Chat Room
  • Pricing
  • FAQ
Regular updates of Gold, GDX and GDXJ in my Premium Trading Chat

GDX - nailed the bottom!

InĀ my update posted on 3 May 2019 I pointed your attention to a good LONG setup in GDX. I wrote:

“I can count that decline shaped as (a)-(b)-(c) as a large corrective wave B down of 3 up. That implies that the next move up may be the strongest part of the rally in a wave C of 3.”

Then GDX jumped out of the Green Target Box but later came back down to retest it again making a higher low.

GDX - daily chart updated on 5/7/2019

Today gap up is a great start of that rally in wave C of 3 up targeting new highs of 2019.

GDX - daily chart updated on 5/31/2019

Disclaimer

Tags
$ES $SPX a-b-c- up pullback a-b-c up Bearish reversal Bear Market Rally Bitcoin Bottoming Breakdown breakout Bullish Wedge corrective pullback Crude Oil Daily Double Three DXY ES Expanded Flat Expanding Triangle failed breakdown failed breakout Green Box Head and Shoulders i down - ii up setup Inverse Head and Shoulders i up - ii down setup Macro micro Month Opening Range NQ one more higher high Red Box RTY Running Flat S&P short setup SPX topping toppying trading setup triangle Triple Three weekend Weekly YM
Read my Blog

  • My Account
  • Login
Hestia | Developed by ThemeIsle