After The Close
Fibonacci Width Channel
Fibonacci Sequence On Trend
Adhering to Fibonacci time sequencing does not guarantee anything.
What it does tell us in the case of GDX (daily) below, is that price action’s exhibiting order.
Fibonacci width on the GDX trading channel can be seen here.
Order is what usually comes before dis-order 🙂
It won’t take much force either way, to negate the down-channel set up; or allow gold and the miners to descend into bear market chaos.
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