$GDX - Market Analysis for Dec 4th, 2018

The red path remains in control for GDX, with price now close to retesting the November high. Any sustained break above there should confirm red wave (iii) of c heading to 21.12 and removes the blue count from the chart.

GDX - Micro - Dec-04 0716 AM (1 hour)
GDX - Micro - Dec-04 0716 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.