30% Probability goes to 37.40 then reverses impulses higher.
30% Probability goes to 42.70 then reverses impulses higher.
20% Probability goes reverses impulses higher from current level.
20% Probability goes up from current level to 51.0 then correct downward (A-B-C) lower than 42.70.
The last time the GDXJ had a falling wedge was around June 2020 FOMC, we have an FOMC coming up next week. High probability consolidation is over in this sector and metals will trend higher in the coming months thus sending miners on a new up trend.
I was stopped out long GDXJ. It was
a high risk trade why red and not crossed up thru yellow and its below 20%
lost $155 dollars. Will revisit tomorrow see what looks like.
On gold This stock lets play weekly stoch all
the way thru to the top. I am early gold looks to be bottoming.
long at 48.92. with trailing stop 2 dollars.
NOBODY likes gold miners right now. Not Buffet, not even gold bugs.
The pullback to test the famous MULTI-year base breakout is done. Expect fireworks starting this spring & summer.
Now 48$, target is 115$
#gotgold #goldfever #fintwit $gdxj $gdx #gold
This correction is lasting much more than expected.
It has been harder than the one from November, because it is lasting the double.
I think it has ended.
These are my targets, and my time
