Gold Miners ETF (GDX)

[BYUINSDER]

Based on price action, Volume: totals.
Text book volume breakout, today's micro wave two pullback, low volume, which is what we would want to observe.

So, no reason to close the trade out, our manage rules, says stay with the trade.

We are expecting five wave pattern to unfold, after the five day formation bottom. W-1 of 5 was yesterday. Today clearly must be W-2 of 5 of a bullish run higher.

Keep solid stop loss with your trade.

But from the looks of things as of 9:25 a.m. It appears from the trading volume, news coming out from media side of things, Gold going much higher.

I'm liking the trade set up, today.

Good luck with your investment.