GDX Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B
BEAR
ETF · Gold Miners
GDX is currently showing a bearish wedge compression on the 30-minute timeframe, graded B by the UnxEdge scanner. The current breakout level is $87.95, currently 0.27% away. This pattern has shown a 21.0x profit factor across 22 backtested trades.
Current Setup
Close$88.19 -0.19%
Breakout Level$87.95
Distance to Level0.27%
RVOL0.4×
Pressure65
PatternChannel
Trade Plan
Entry$87.76
Stop$88.22
TP1$87.30
TP2$86.85
TP3$86.39
Chart
Backtest Performance
Win Rate
95%
Profit Factor
21.01x
Avg R
+0.91R
Trades
22
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Aug 7 | BULL | A- | $84.80 | $84.03 | $85.58 | $85.58 | WIN | +1.01R | 2 |
| Aug 4 | BULL | A- | $76.34 | $75.78 | $76.91 | $76.91 | WIN | +1.02R | 2 |
| Jun 29 | BEAR | A- | $75.91 | $76.57 | $75.25 | $75.25 | WIN | +1.00R | 2 |
| Jun 23 | BEAR | A- | $79.85 | $80.64 | $79.07 | $79.07 | WIN | +0.99R | 2 |
| Jun 17 | BULL | A- | $87.94 | $87.08 | $88.79 | $88.79 | WIN | +0.99R | 2 |
| Jun 9 | BEAR | A- | $78.22 | $78.80 | $77.63 | $77.63 | WIN | +1.02R | 2 |
| May 19 | BEAR | A- | $86.00 | $86.94 | $85.06 | $85.06 | WIN | +1.00R | 2 |
| May 11 | BULL | A- | $95.08 | $94.11 | $96.04 | $96.04 | WIN | +0.99R | 2 |
| May 4 | BEAR | A- | $86.73 | $87.38 | $86.08 | $86.08 | WIN | +1.00R | 3 |
| Apr 28 | BEAR | A- | $91.99 | $92.63 | $91.35 | $91.35 | WIN | +1.00R | 2 |
| Apr 17 | BULL | A- | $99.09 | $98.42 | $99.77 | $99.77 | WIN | +1.01R | 2 |
| Apr 14 | BULL | A- | $99.39 | $98.62 | $100.16 | $100.16 | WIN | +1.00R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-10-13 | B | BEAR | $87.95 | 0.63% | 65 | — |
| 2026-10-13 | B | BEAR | $87.95 | 1.24% | 62 | — |
| 2026-10-13 | B | BEAR | $87.95 | 1.34% | 60 | — |
| 2026-10-06 | B | BEAR | $86.67 | 0.89% | 66 | — |
| 2026-10-06 | B+ | BEAR | $86.67 | 0.36% | 65 | — |
| 2026-10-06 | B | BEAR | $86.67 | 0.27% | 63 | — |
| 2026-10-06 | B+ | BEAR | $86.67 | 0.20% | 61 | — |
| 2026-10-06 | B | BEAR | $86.68 | 0.15% | 59 | — |
| 2026-10-06 | B | BEAR | $86.68 | 0.29% | 62 | — |
| 2026-10-06 | A- | BEAR | $86.68 | 0.27% | 60 | — |
Bot Activity
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