In the current blue wave (c) of the GDXJ, the bulls pulled out their defibrillators and breathed some life back into the market. With a 5.5% gain, the wave extension continued, which should carry on above the next resistance at $43.89 and then enter the magenta Target Zone ($57.36 - $65.95). In this price range, both the top of the blue wave (c) and that of the overarching magenta wave (b) should be manifested. However, our alternative with a probability of 45% also remains valid. In this case, an imminent reversal would take place with the high of the orange wave alt.b.
