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MORE CHANCES ON THE UPSIDE AS ON THE DOWNSIDE
3
GDX touching the 250 yearly VWMA at first it was rejected
3
XLF touching the 63 quaterly VWMA at first it was rejected but the candle doesnt look nice
3
It lost 63 quaterly ema and now is flirting with R1 yearly pivot. Next possible target monthly S2 pivot. Daily close above red line would negate this scenario.
6
a deeper summer correction could negate this scenario, but probably not for to long
2
tuch of S1 one of possible outcomes if this is not a bear trap
2
Nice bear trap and sideways time of accumulation, First two targets. This one can go much higher in the coming months & years.
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