GDXJ coming into time and price buy area by this Friday
GDXJ has not finished it's bear market correction just yet.
If we get time and price together, long from there for a new high over recent $44.60.
Look at the Fibonacci price cluster in mid $38's and also mid-$36's. Those are like magnets in a pullback.
Combine that with a Fibonacci Time Extension and that gives us time + price.
Should GDXJ lose the $40 support it currently has bounced off of four times, that is the buy level for longs ($38.65)
When the buy level is reached, watch a 5 minute chart for a higher low buy trigger.
If we get time and price together, long from there for a new high over recent $44.60.
Look at the Fibonacci price cluster in mid $38's and also mid-$36's. Those are like magnets in a pullback.
Combine that with a Fibonacci Time Extension and that gives us time + price.
Should GDXJ lose the $40 support it currently has bounced off of four times, that is the buy level for longs ($38.65)
When the buy level is reached, watch a 5 minute chart for a higher low buy trigger.