Stalking a Bottom in GDX
Here's an update to the weekly Trend Channel Chart for 
GDX I first posted on the 15th with a target of 24-ish as a possible swing bottom. the signal would be the tag of the Lower Rail intersection .. getting pretty close now.. the ideal bottom set up would see a spike through the intersect followed by a quick reversal back to the low Gold coloured rail... for me the Bull trigger is at 25-ish on the recovery .. tight stops of course as the zone could also fail into a deeper low..
GDX I first posted on the 15th with a target of 24-ish as a possible swing bottom. the signal would be the tag of the Lower Rail intersection .. getting pretty close now.. the ideal bottom set up would see a spike through the intersect followed by a quick reversal back to the low Gold coloured rail... for me the Bull trigger is at 25-ish on the recovery .. tight stops of course as the zone could also fail into a deeper low.. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.