The last time the GDXJ had a falling wedge was around June 2020 FOMC, we have an FOMC coming up next week. High probability consolidation is over in this sector and metals will trend higher in the coming months thus sending miners on a new up trend.
The June wedge formed after bullish momentum, while the more recent wedge looks like its still part of the correction / bull flag that started Aug 2020. The last few days seemed to invalidate the wedge theory.