As highlighted in recent videos, NEM will trigger an objective short entry on a solid break and/or close below this uptrend line/rising wedge pattern. Suggested stops will be based on the entry price, if & when triggered, as well as one’s preferred price target(s). GDX (gold miners ETF) can be used as an alternative, more diversified proxy for shorting NEM and/or the mining stocks. Daily chart below.
NEM daily Sept 15th