GMX Update
I am now considering GMX is making a more complex pattern, with multiple ABCs. It could be the initial wave of a leading diagonal, but at this moment it's just guesswork.
In the shorter term, I'm waiting for a break of the descending wedge which could signal the end of black C.
Bullish RSI divergence is already present, but without a higher high, it will just sit on my watchlist for now.
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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.