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GDX Bear Flagging, S/T Trend Indicator Now Bearish

GDX (gold miners ETF) appears to have formed a bear flag continuation pattern following the recent breakdown, backtest & sharp move below the ascending price channel that was highlighted on the 30-minute time frame on Monday (first chart below). Also note that my 14/34 ema trend indicator (histogram below these charts) has now moved to [...]

Feb 10, 2016 12:52pm|Categories: Gold & Commodities|Tags: , , |Comments Off on GDX Bear Flagging, S/T Trend Indicator Now Bearish