GLDX ----part 2

Note the red dotted Price level lines& the 200SMA. Any Price Drop below the larger red dotted line at -b- (blue) would be most concerning (bearish). I'd prefer the 200sma and the smaller red dotted line at iv (green) as the retrace level. I was thrown off the count at the first Divergence on the RSI, believing that was the top of wave one. It was especially confusing on the GLD as compared to the GLDX. The wave formation at the sub-subwave in Green at the -b-/ iii/iv level appeared as a Flat in Gold.

Remember This Is for Educational Purposes Only. If you trade it Your're Responsible for Your Own Trading. This is about a "Methodology" , not a ADVISOR Service. thx