We might be waiting a while longer for that -long- setup. This structure is bearish and we could see GDX hit as low as the 18s.
Note
Keeping and unbiased approach into tomorrow as the next direction will most likely happen in the morning. Keep an eye on the current structure. GLNote
Looking for a flag to long at this level. Short to low 20s if we reenter the structure. Add to short if we break the support line to mid 18s. GL
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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.