GDX-5-7-19

In my previous update 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.”

Today we see the first bold green candle that could be a confirmation of that bullish scenario.

GDX - daily chart updated on 5/7/2019

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