Goldminers has been silently just going sideways for a long time. If price is where I suspect it will at the designated time: Go long.
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Keeping relatively well up compared to gold. But when has ever fundamentals played a role for anything in this world? :)
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This is capitulation pattern I want to see.
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More detailed analysis as we get closer to the date... At price 31 (exact 30.9 as that is 180 degrees from 2017 high) I will be a buyer. I anticipate July 3rd as a Nice date to enter positions. Slightly lower Levels might occur if the triangle has a "throw-over bottom" to kill sentiment completely, but i expect such to be very short lived and reversed With great force.
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Measured target is found as taking simply height of the triangle. Meaasured angle of trend is set equal to the angle between (I) and (II).
July 3-7 is one of the most important dates in the market for trend-change.
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Now a small bloodbath may start as trend curvature steepens
Transaction en cours
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Disappointing "capitulation" going on.. We are so Close to my time cycle that I took first position 33 % of position. Maturing November 2018.
That is correct a triple bottom at 29.80/90 is the return of these bastards! Pile upbetween those levels!
UnknownUnicorn540299
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@showerreport, Indeed, price-wise so, but target in price didnt come, and trend-change came due on the designated date, so I think we go higher from here, unless something strange happens of course :)
airswimmingape
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Thanks for posting this update- really good to give a handle on how they might do line just shakedown v soon. Good luck
airswimmingape
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t could have a bit of a break this week but max pain usually applies (miners might also drop if equities stall) so I am with you and saving my powder for final dip and go end June early July based on Macd crux on daily
pmcllc
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I see a lot of traders smelling something into gold miners maybe it is the time to pile up? GDXJ
UnknownUnicorn540299
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@pmcllc, Patience is adviced till end of June/beg July.