Here is how it looks to me. I think we are finishing up on a triangle still in the 5 the wave (e). Would not be surprised to see a little more more action as "e" completes to about 22.50 to 22.80. If the triangle breaks down would look for a major drop. Thanks to Chartwatchers for the idea. (hopefully link below)
Take care.
Take care.
Commentaire:
GDX update. 120 min log chart. Notice last two up waves had a negative reversal followed by a bearish divergence in the RSI. May see this pattern for "e" as well. A little more up action likely to me as the "e" completes. Take care. Process your own way. Feedback always welcome.
