GDX Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
A-
BULL
ETF · Gold Miners
GDX is currently showing a bullish wedge compression on the 30-minute timeframe, graded A- by the UnxEdge scanner. The current breakout level is $104.25, currently 0.10% away. This pattern has shown a 21.0x profit factor across 22 backtested trades.
Current Setup
Close$104.35 +1.09%
Breakout Level$104.25
Distance to Level0.10% (crossed)
RVOL0.2×
Pressure66
PatternCompression
Trade Plan
Entry$104.57
Stop$103.81
TP1$105.33
TP2$106.09
TP3$106.85
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 |
|---|---|---|---|---|---|---|
| 2026-08-28 | A- | BULL | $104.25 | 0.10% | 66 | breakout |
| 2026-08-28 | A- | BULL | $104.25 | 0.44% | 73 | — |
| 2026-08-28 | A- | BULL | $104.25 | 0.65% | 77 | — |
| 2026-08-28 | A- | BULL | $104.10 | 0.24% | 72 | — |
| 2026-08-28 | A- | BULL | $104.10 | 0.48% | 75 | — |
| 2026-08-28 | A- | BULL | $104.10 | 0.48% | 75 | — |
| 2026-08-28 | A- | BULL | $104.10 | 0.48% | 75 | — |
| 2026-08-28 | A- | BULL | $104.10 | 0.48% | 75 | — |
| 2026-08-27 | A- | BULL | $104.10 | 0.48% | 75 | — |
| 2026-08-27 | A- | BULL | $104.10 | 0.48% | 75 | — |
Bot Activity
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