AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
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Looks like red alt (2). Green count as shown is invalidated but the lack of follow thru rallying these past weeks was a strong warning.
Did you use some kind of time extension, retracement for determining (v)?
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@Parabolica, Price-based retracements are indicated on the chart. I don't use time-based extensions. Corrective waves are difficult enough to predict in price pattern. I haven't noticed a reliable time-based relationship except perhaps within the theory of 'alternation' for wave 2 and 4 (of any degree). If this wave (2) confirms we'll have a possible hint for wave (4) in the future. Perhaps a triangle given the deep wave (2) retrace. Way too early for that...
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But I am just not sure if we are still in bull market.
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Good chart!
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Agree, more like a double zigzag now.
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