GDX in daily channel... but will it stay there?
Updated
GDX Beautiful upward channel on the daily.
If touches bottom of the channel and bounces, GO LONG.
If it breaches the bottom of the channel:
- WAIT for channel bottom retest and then GO SHORT or
- Gamble on correction momo and GO SHORT
PTs are based on height of channel, nearest price gaps and fibs
If touches bottom of the channel and bounces, GO LONG.
If it breaches the bottom of the channel:
- WAIT for channel bottom retest and then GO SHORT or
- Gamble on correction momo and GO SHORT
PTs are based on height of channel, nearest price gaps and fibs
Note
GDX touching daily channel bottom... watch for channel supportNote
PT1 met
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