Just saw posted on elliotwavetrader.net that they are (specifically Avi) reviewing a whole bunch of individual miner charts and the conclusion thus far is "no way I can get bearish on this complex. In fact, it reinforced my overall bullish bias on the larger degree. ... This will be a VERY interesting two weeks coming up.".
Someone in the forums posted a reply to that saying that on weekly chart MOY from 2015 low has had a 1-2 back to 0.618 retrace and i-ii again back to 0.618 retrace completing as of last week.
Setup is actually quite beautiful at longer timeframe. All we need now is the starting pistol to fire.
Assuming 0.245 is going to hold (0.618 retrace) then its likely next leg up will target between 0.45 and could even be as high as 0.63). May not be much pullback immediately after that completes - possibly just sideways for a little while before another upwards move.
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