We’ve been nibbling at GDXJ without much luck as it has fallen toward a potentially important target at 13.15. Let’s try something a little different this time, buying with-the-trend. You can do this camo-style, using a b-c pullback from just above the look-to-the-left peak at 16.28 that I’ve highlighted. This trade will work best if the point B high is formed just above 16.28 — say, in the range 16.29-16.33. Be ready to buy-stop your way in, since the opportunity could come up quickly if the pullback occurs in the way I’ve described. I’ll provide tracking guidance if at least two fills are reported in the chat room. _____ UPDATE (February 26, 12:28 a.m. EST): A gap-up opening was too strong to give us good camouflage cover, so I’ll assume no subscribers got aboard at the 16.63 entry point shown in the chart. The “buy” signal is on nevertheless, so your trading bias should be bullish for now. Camouflage traders should look on the 15-min chart for prior peaks to leverage. The nearest of them lie, respectively, at 16.91 and 16.96 (a very subtle one: 2/19 at 10:15 a.m.)
