Support at 37.21 was broken w/c 2nd August and then was retested w/c 31 August, and went down from there. A good example of support becoming resistance. Not good for the bulls and bearish for now. Also price is below the 200 EMA.
Is this a resumption of the bull trend for the Junior Gold Miners? Good volume a few days ago and on most of the time frames, it looks like it has hit support and has moved upwards again.
Last time she tired to break out late Feb, is she going to make it this time?
Nice cup and handle, but will it complete the pattern?
What I see here is a broken trendline and a double bottom. My ideal scenario would be here a retest of the broken W neckline with a nice bounce. After that let's see how many boxes we can get.