The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
