Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Sunday, May 8, 2016
GDX May 09, 2016
GDX on a sell signal. As we are using short intervals (15 minutes) this is a short term trading call.
Nice gain on the open. Sell signal was valid.
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