GDX - Metals Trading | Elliott Wave Structures I Q2 2019
Updated
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GDX - Elliott Wave Outlook
Bullish Swings - Patterns:
ABC swing in Intermediate (A) (green
Simple Correction in Intermediate (B) (green)
Ending Diagonal in Intermediate (C) (green)
Bearish Swings - Patterns
Sharp Bearish Impulse in Intermediate (A) (light blue)
Simple Correction in Intermediate (B) (light blue)
Ending Diagonal in Intermediate (C) (light blue)
Bullish Harmonic Pattern
Next expected swing:
Bullish leg in an attempt to reenter the Channel.
Structure change:
A breach on the down-side in an impulsive manner could lead towards a down-trend confirmation for Precious Metals.
More details about me in my signature.
GDX - Elliott Wave Outlook
Bullish Swings - Patterns:
ABC swing in Intermediate (A) (green
Simple Correction in Intermediate (B) (green)
Ending Diagonal in Intermediate (C) (green)
Bearish Swings - Patterns
Sharp Bearish Impulse in Intermediate (A) (light blue)
Simple Correction in Intermediate (B) (light blue)
Ending Diagonal in Intermediate (C) (light blue)
Bullish Harmonic Pattern
Next expected swing:
Bullish leg in an attempt to reenter the Channel.
Structure change:
A breach on the down-side in an impulsive manner could lead towards a down-trend confirmation for Precious Metals.
Trade active
Starting an attempt for the up-side.Note
Note
GDX is not done with the bullish sequence.Labeled in an Ending Diagonal for Cycle C (black).
Note
Ending Diagonal about to finalize.
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