$GDX - Market Analysis for Dec 7th, 2018

Red path remains king for GDX as price gets closer and closer to invalidating the blue count on a break above the October high. 20.43 is near-term resistance for red wave iii of (iii) where a consolidation can be seen as wave iv of (iii) with 19.76 as important support.

GDX - Micro - Dec-07 1211 PM (1 hour)
GDX - Micro - Dec-07 1211 PM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.