$GDX - Market Analysis for Nov 16th, 2018

The GDX chart has become much more complicated with this latest high, since it seemingly leaves us with 3 waves down off the October top. That could be an abc start to an ending diagonal 5th wave as wave i of 5, or could even be corrective as a b-wave... We won't know until more price action fills out.

GDX - Micro - Nov-16 0704 AM (1 hour)
GDX - Micro - Nov-16 0704 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.