I have been publishing daily charts for-GDX.
This is a four hour perspective. A shorter time "snapshot" for you to review.
Negatives:
There is a well defined down-trend channel.
The top middle indicator is a 13 interval average of phase energy (lower top), and this is sagging.
The top indicator is 34 interval momentum indicator for-GDX, and this is sagging.
Chop (below chart) is in the shaded area, and chop zone is red, which indicates downward prices.
Prices are sagging below the Ichimoku Cloud.
The Ichimoku Cloud has a red border.
My conclusions for this four hour chart are the same as for the daily chart, lower price action for-GDX.
I wish you well in all of your trades. Don.
This is a four hour perspective. A shorter time "snapshot" for you to review.
Negatives:
There is a well defined down-trend channel.
The top middle indicator is a 13 interval average of phase energy (lower top), and this is sagging.
The top indicator is 34 interval momentum indicator for-GDX, and this is sagging.
Chop (below chart) is in the shaded area, and chop zone is red, which indicates downward prices.
Prices are sagging below the Ichimoku Cloud.
The Ichimoku Cloud has a red border.
My conclusions for this four hour chart are the same as for the daily chart, lower price action for-GDX.
I wish you well in all of your trades. Don.
