How did Gold Miners ($GDX) Provide an Intraday Setup Last Week?
@Elliottwave_Forecast:
How did Gold Miners ($GDX) Provide an Intraday Setup Last Week? March 19, 2023 By EWFTaha Hello Traders! In today’s article, we will look at the past performance of the 1 Hour Elliottwave chart of $GDX. The rally from 3.09.2023 low unfolded as 5 waves which created a bullish sequence in our system. Therefore, we knew that the structure in $GDX is incomplete to the upside & should see more strength in 3, 7 or 11 swings against 3.06.2023 low. So, we advised members to buy the dips in 3, 7, or 11 swings at extremes. We will explain the structure & forecast below: $GDX 1H Pre-Market Chart 3.16.2023: $GDX Here is the 1H Elliottwave count from 3.16.2023. We were calling for the decline to find buyers in 3 swings at red B once the connector at ((b)) is in place. $GDX 1H Midday Chart 3.16.