I’ve settled on the hourly chart, with an ambitious rally target at 78.31, as our lodestone. The gap through p=71.12 on first contact is not merely encouraging, it is highly favorable toward the continuation of the uptrend to at least 78.31. There is also reason for caution just above, at 74.72, a secondary Hidden Pivot that closely coincides with the 74.88 ‘D’ target of an alternative pattern displayed here last week. An imminent stall seems likely, but if it is brief, you can take that as evidence D will be achieved.
GDXJ – Junior Gold Miner ETF (Last:73.89)
