The Curious Story of the Miners' Breakdown

From sunshineprofits.com

What we previously wrote about mining stocks' breakdown and yesterday's upswing, might seem like something that invalidates it or something that's just nonsense. In reality, it's one of the common patterns that we see after breakdowns - the price comes back to the previously broken level or line in order to check whether it's able to get back above it. If it's not, the breakdown holds, and it becomes verified. This increases the odds for decline's continuation. Conversely, if the move higher takes the price above the certain level or line, the breakdown becomes invalidated and the signal for the opposite side (here: ... (full story)