GDX - Bull Flag on Weekly - Waiting for Bullish Trend to Confirm

16 Dis 2019

I will update once the trend on Weekly turns bullish on GDX to confirm entry. Not entered

GDX is bullish in pattern formation currently.
We are at the end of the bull flag pattern. Ready for next leg up.
Price recently crossed 10WeekMA which confirms bullish trend.
RSI trend has also consolidated similar to price pattern.
Longer Weekly RSI trend (yellow) is bullish. Intermediate term trend (white wedge) is bullish breakout pattern.

I am waiting for Weekly trend to confirm bullish trend for entry. Market is too fickle for early entry.
I will update once I see the Weekly trend turn.

If anyone wants me to take a look in between chart updates, contact via PM. No problem.

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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC

17 Dis 2019

Pesanan dibatalkan

GDX did not breakout to confirm entry.
Fed Repo liquidity keeping market up is affecting entry.
Watching for current wedge to end around February.

I will update chart with current pattern.