Junior Gold Miners ETF have been bitten up or rather down for the last 3 years.
In this process it has completed a huge ABCD at the purple line in 32.44.
At the end it has created a smaller shs pattern.... but target hasn't been reached so far at yellow line 15.75 (lowest is red line 28.97) and neckline is now being challenged. Is it a backtest or .....?
Speculative:
At a move and close above neckline for 2-3 consecutive days the shs pattern will be negated and I will be bullish. ;)
If above pans out I see a 0.236 retrace of the complete purple ABCD move for a good beginning.
I see the complete ABCD move being finished and with price above purple line ....it could be very bullish ;)
Music at work:
open.spotify.com/tra...Nl0MD5g8lQAtL1FmQQm9
www.youtube.com/watch?v=Fh_S8EJn...
Extra: www.youtube.com/watch?v=AT1isgc5... (Like the bass)
But as always.... time will show
Safe trading ladies and gents!
BM
In this process it has completed a huge ABCD at the purple line in 32.44.
At the end it has created a smaller shs pattern.... but target hasn't been reached so far at yellow line 15.75 (lowest is red line 28.97) and neckline is now being challenged. Is it a backtest or .....?
Speculative:
At a move and close above neckline for 2-3 consecutive days the shs pattern will be negated and I will be bullish. ;)
If above pans out I see a 0.236 retrace of the complete purple ABCD move for a good beginning.
I see the complete ABCD move being finished and with price above purple line ....it could be very bullish ;)
Music at work:
open.spotify.com/tra...Nl0MD5g8lQAtL1FmQQm9
www.youtube.com/watch?v=Fh_S8EJn...
Extra: www.youtube.com/watch?v=AT1isgc5... (Like the bass)
But as always.... time will show
Safe trading ladies and gents!
BM