Gold Miners ETF GDX looks to have created a bullish falling wedge pattern, which results in higher prices around 65% of the time. 

Another potential positive for GDX is that this pattern is taking place at the bottom of this multi-year falling channel with momentum oversold. Bullish wicks have taken place the past two weeks as well.

A break above line (1), the top of the falling wedge, would be a bullish sign for GDX. 

Full Disclosure – Premium Members are long $SLW for the past 9 days.

Another potential positive….Gold created bullish wicks the past two weeks at this channel support (see here) 

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How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past