The 360 minute model of GDXJ below shows a likely declining double top forming. If it can break out to a higher high it would also break out the top rail but that is unlikely to occur outside of a 3rd wave. Bottom line is I would be a more likely seller of this chart than a buyer at this point but we have a clear trigger on what would change my mind on this matter: I'd buy the first pullback from a breakout of that top rail.
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