GDXJ has not finished it's bear market correction just yet.
If we get time and price together, long from there for a new high over recent $44.60.
Look at the Fibonacci price cluster in mid $38's and also mid-$36's. Those are like magnets in a pullback.
Combine that with a Fibonacci Time Extension and that gives us time + price.
Should GDXJ lose the $40 support it currently has bounced off of four times, that is the buy level for longs ($38.65)
When the buy level is reached, watch a 5 minute chart for a higher low buy trigger.
If we get time and price together, long from there for a new high over recent $44.60.
Look at the Fibonacci price cluster in mid $38's and also mid-$36's. Those are like magnets in a pullback.
Combine that with a Fibonacci Time Extension and that gives us time + price.
Should GDXJ lose the $40 support it currently has bounced off of four times, that is the buy level for longs ($38.65)
When the buy level is reached, watch a 5 minute chart for a higher low buy trigger.