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Stunning collapse in Gold miners major GDX Index

VanEck Gold Miners ETF (AMEX:GDX)  
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AMEX:GDX   VanEck Gold Miners ETF
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
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.
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