Home Forums Members Forum GDX Reply To: GDX

Sean HymanSean Hyman
Post count: 7046

It’s why I always emphasize looooooonnnnggg dated options. ha-ha. Because inevitably, some stocks will take longer than anyone thinks, to take-off. Glad I bought mine long-dated.

If the $33.08 low holds (black arrow), then we’re in wave 2’s pullback and poised to jet higher into wave 3.

If $33.08 is materially taken out to the downside, then a more complex zig-zag wave 2 unfolds, taking the price lower (orange line) and then a wave 3 comes after that.

I think the yellow path is most likely due to what the RSI/MACD are doing, but we’ll see.

You must be logged in to view attached files.