GDX Ready for Drop into Long Zone

GDX
GDX appears to be completing a corrective micro degree triangle. If correct, this would suggest it is soon ready to make its final drop into the target zone. This is a risky play as we are nearing a longer-term bottom, and trying to play down should be treated as a risky move with tight stops in place.

Kommentar:

Thought the drop this morning was going to take us down to the target area. Instead, price hit the midpoint of the channel and bounced back to the top of the channel. Sitting out a while to see what happens next.

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