15 years wedge on TSX Ventures ready to break out
TSX Ventures Index has formed a huge wedge over the last 15 years.
It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD.
Seems ready to break out on the upside with immense potential.
Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%).
Juniors miners ETF might be a good way to play this move (GDXJ, ZJG.TO).
It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD.
Seems ready to break out on the upside with immense potential.
Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%).
Juniors miners ETF might be a good way to play this move (GDXJ, ZJG.TO).