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GDX Elliott Wave Technical Analysis – 14th November, 2016

by | Nov 14, 2016 | GDX | 2 comments

Today for GDX I have Elliott wave charts, classic weekly and daily technical analysis charts, and a brief summary.

Summary: There is a strong downwards trend for GDX that does not show signs of weakness yet. Only when RSI and / or Stochastics reach oversold and then exhibit divergence may it be over. A new high above 23.64 would indicate the downwards trend may most likely be over.

MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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ALTERNATE MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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ALTERNATE DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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SECOND ALTERNATE MONTHLY ELLIOTT WAVE COUNT

GDX monthly 2016
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SECOND ALTERNATE DAILY ELLIOTT WAVE COUNT

GDX daily 2016
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TECHNICAL ANALYSIS

DAILY

GDX daily 2016
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This analysis is published @ 02:58 a.m. EST.

2 Comments

  1. dsprospering on November 15, 2016 at 9:30 am

    Lara, are these being presented in order of probability, or order they were worked?

    • Dreamer on November 19, 2016 at 12:43 am

      I don’t think she likes to make a call on GDX. She lets the Gold count lead.