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The day is not over with, yet so far GDX and GDXJ have both created negative upside wicks/reversal patterns at the the top of these flag/pennant patterns. These must be respected in a BIG WAY. If long, BE VERY CAREFUL!
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Jeremy….Silver and SLV haven’t been in sideways trading ranges, yet both did experience single day reversal patterns as well.
How about SLV and silver? Does it have the same upside wick?