sure looks like a potential head & shoulders topping pattern within that broadening top pattern (double-shouldered H&S). best part is that regardless, both patterns trigger a sell signal on the breakdown of that lower trendline. so far, volume patterns seem to confirm the pattern but i will be watching for a continued move down from current levels on increased volume to further validate the pattern. i have the GDX short listed as both an active trade, as an entry from early last week, as well as a trade set-up as one could still enter here or wait for a breakdown below the broadening top lower trendline/H&S neckline. the latter option is probably best for more conservative traders.
