GDX - 2h

I'm trading for the purple count, but breaking down below 25 region towards the green target box will have me stopping out and restriking for the 3rd wave. Miners have recently surprised to the upside, and that's by base case at the moment. Regardless of near-term weakness, this chart is still bullish long term, and I'd don't want to find myself chasing price late in the move. A safer entry for those without exposure is to wait for confirmed breakout over 28.