GDX KEY POINT - Market Analysis for Jan 6th, 2021

Needless to say, VERY key point for GDX here.  It MUST hold the pivot on the 8 minute chart and then break out of the downtrend channel on the daily chart from here.  Otherwise, probabilities rise again for a lower low . . . or this bigger wave i takes shape as a leading diagonal.

Will do a full update later.

GDX8min
GDX8min
GDXdaily
GDXdaily
Avi Gilburt is founder of ElliottWaveTrader.net.