GDXJ double bottom - could this be the reversal?

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VanEck Junior Gold Miners ETF (AMEX:GDXJ)

AMEX:GDXJ VanEck Junior Gold Miners ETF

trendanalysis chartpattern gdxj gold xauusd goldpattern goldtrend goldtrendlong

Double bottom price action on the GDXJ

Price of the double bottom also hitting S/R zone of the previous 4 year base break-out.

Does this indicate a reversal in the last 12 month pull-back and the start of a new break-out?

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