Stunning collapse in Gold miners major GDX Index

GDX is now sitting in an intersection of the Bear & Bull Swing Trend Channels put in place from the Pandemic Crash. A tag of the lower rail at around 24 is likely which would take GDX down another 10%-ish. This does not mean a Bottom is in and a new Bull swing will start but it is the first step in starting to track for a potential turn. A complete failure at the Lower Rail would imply a move towards all time lows.

Comentário:

I just realized how cool this replay or update feature is for trading view charts. definitely keeps you accountable