I’m going to go ahead and move the GDX setup to an Active Long trade as it has made a successful backtest (on a very slight, brief dip below) of the 60 minute bullish falling wedge. Even though I have my concerns about a sudden reversal and drop to new lows in the sector, a stop slightly below today’s low of 36.31 would provide a decent R/R on the trade, especially if targeting T2 (41.10).
