GDXJ trade ideas
GDXJ - Possible BTD Opp - Monday 2/1GDXJ has been on a downturn, but rose as the market took hits the past couple of days.
Day timeline still points for a small dip (possibly as the market rises early on Monday), and then a rise (as the market begins to fall.
Stop Loss/Invalidation is at the previous .786FIB
Minimum rise should be to .618Fib of most recent breakout (reverse would indicate false breakout again)
On Day timeline it shows as a breakout on a downtrend.
Minute and Weekly timeline indicators still point to a bit more to pullback before the upturn.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
GDXJ monthly...an irresistible trade at this pointBreakout the 7-year base, restest with strong reversal right at the breakout (also 10 months EMA)...consolidate then break out the 6-month bull flag this month...precisely like a textbook example (or maybe it's too good to be true🤔). Anyway, keep patient, sit tight and expect 🚀