GDX Elliott Wave Technical Analysis – 9th October, 2015

BEAR – MONTHLY ELLIOTT WAVE COUNT

GDX monthly bear 2014
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BEAR – DAILY ELLIOTT WAVE COUNT

GDX daily 2014
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BULL – MONTHLY ELLIOTT WAVE COUNT

GDX monthly bull 2014
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There are at this stage three likely structures for primary B for the bull wave count .

BULL – DAILY ELLIOTT WAVE COUNT – EXPANDED FLAT

GDX daily expanded flat 2014
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BULL – DAILY ELLIOTT WAVE COUNT – TRIANGLE

GDX daily triangle 2014
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BULL – DAILY ELLIOTT WAVE COUNT – COMBINATION

GDX daily combination 2014
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Intermediate wave (Y) may be an expanded flat. The target may be too low as it may not see primary B breach the bear market channel, and it should.