A 15% rally to the 111.59 target shown is likely. I’ve used a reverse pattern (rABC) taken from the monthly chart to project the extent of the move, which should unfold over the remaining months of 2025 and perhaps into early 2026. The point ‘a low is an acceptable choice because this vehicle, a proxy for mining exploration companies, was introduced by Van Eck at the end of 2009. Notice that the first-time buyers encountered the midpoint Hidden Pivot (p=64.23) along the c-d leg, they stalled almost precisely there before correcting for a little more than two years. The eventual penetration of p, although hardly explosive, was decisive enough to make a follow-through to ‘d’ a good bet. ______ UPDATE (Oct 3): Use this pattern to trade GDXJ in the days ahead. p=98.03 is a logical place to attempt bottom-fishing with very tight risk control, but any slippage beneath it would imply more weakness to p2=96.61, at least, or even D=95.20. ________ UPDATE (Oct 6, 12:25 p.m.): Buyers have pulled back slightly so far after stalling 13 cents above a minor Hidden Pivot resistance at 103.92 (60-min, a=95.60 on 9/18). Once they clear this obstacle, there is still room on the hourly chart for further progress this week to 104.25, and thence 106.84. As always, an easy move through a Hidden Pivot target should be regarded as a sign the next is likely to be achieved.
GDXJ – Junior Gold Miner ETF (Last:102.99)
