Miners have had an amazing run for most of 2016, but now it's time to get back to reality. The over-all monthly trend is still DOWN, and markets don't turn around on just one bounce like we've had at the beginning of 2016.
This retest is the bears trying to continue the bear market, will they succeed? I don't know; I'm here to make money, but I know they will retest and try to breakthrough the 12-13$ level.
If they succeed, then it's just an expected continuation of the bear market in miners, if they fail and another bottom is formed; then we might start thinking of an emerging bull market.
This retest is the bears trying to continue the bear market, will they succeed? I don't know; I'm here to make money, but I know they will retest and try to breakthrough the 12-13$ level.
If they succeed, then it's just an expected continuation of the bear market in miners, if they fail and another bottom is formed; then we might start thinking of an emerging bull market.
