GDX – Pausing Before Resuming Bullish

7 janv. 2020

Trading active in GDX. Going to gap fills at $37 possible.

Trade Entry
1/31 expiry, 27/31 Put Credit Spread.
1/31 Expiry. 29/33 Put Credit Spread.

Chart Details
GDX currently in Bull Flag breakout.
Fractal from pole of Bull Flag is almost identical to current price breakout.
Fractal lines up with 0.618 Fib Extension and gap fills. Things confirming in this manner are positive correlation.
I see GDX taking a break on Fed Repo day of 35Billion or more. Same as fractal. By next week we are resuming up IMO.

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term.

Previous GDX Chart

8 janv. 2020

Transaction en cours

GDX slightly lower this morning. Overall pattern is a Bull Pennant.
Will update after some of today's data.
Holding GDX. Gold overall is getting bullish after 10 years. This is BIG deal IMO.