4-year long Inverse H&S, looks like a thong.
This is one of the more extreme gold miner charts I've seen.
It dropped a whopping 75% in 2015 alone, and then got it all back in 2016. Wow!
Not to mention, it made higher lows in 2017.
If it continues to rally there is very little resistance. It probably will, since Gold is strong and USDollar is very weak (failed intermediate cycle).
An entry here offers explosive upside with a relatively close stop.
It dropped a whopping 75% in 2015 alone, and then got it all back in 2016. Wow!
Not to mention, it made higher lows in 2017.
If it continues to rally there is very little resistance. It probably will, since Gold is strong and USDollar is very weak (failed intermediate cycle).
An entry here offers explosive upside with a relatively close stop.