GDX - Final divergence

מעודכן
I think the GDX rally is done too.
All the indicators are showing divergencies in GDX.

It rallied almost to the 2016 highs...
תמונת-בזק

We will get a pinbar ( inverted hammer or shooting star ) on the weekly chart.

The weekly chart's indicators need to tag the oversold territory in this decline.
It might close the gap at 24 -24.56 or might test breakout at 23.67$.
הערה
Broke down the trendline today. If it stays there into the close more selling will come on Monday.
תמונת-בזק
הערה
תמונת-בזק
After today's big bounce we are closing in the red. Big guys dumped their shares to the small guys. I hope nobody bought the fake rally today.
העסקה בוטלה באופן ידני
תמונת-בזק
הערה
Just in case if it turns out to be a double bottom
Chart PatternsGDXTechnical IndicatorsTrend Analysis

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