GDX in daily channel... but will it stay there?
GDX Beautiful upward channel on the daily.
If touches bottom of the channel and bounces, GO LONG.
If it breaches the bottom of the channel:
- WAIT for channel bottom retest and then GO SHORT or
- Gamble on correction momo and GO SHORT
PTs are based on height of channel, nearest price gaps and fibs
If touches bottom of the channel and bounces, GO LONG.
If it breaches the bottom of the channel:
- WAIT for channel bottom retest and then GO SHORT or
- Gamble on correction momo and GO SHORT
PTs are based on height of channel, nearest price gaps and fibs
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GDX touching daily channel bottom... watch for channel support
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PT1 met