Renko is not playable in published ideas so I'll update this chart. My last post got little attention and I've been warning people about a sudden drop in gold, silver, miners. We're setting up a new buying opportunity but how low does it go? I would like to see GDX between 28-32. Hold fast.
Note
so far this has worked out the way I expected- gdx is fun to trade. I'm secretly hoping for a melt-down.. something that people wouldn't expect with gdx back in mid 20's but I suspect it found a bottom or is still hunting for one. It could consolidate and become very boring for weeks in this range or flash suddenly. Let's hope for lower prices to get an even better discount Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.