AMEX:DUSTDIREXION DAILY GOLD MINERS INDEX BEAR 3X SHARES
Gold at this moment doesn't look that bearish to me right now, instead, it's forming a small support. I'm expecting a retrace on gold to 74-75ish, and GDX and other miners still have a small gap to close, so far, we have a ascending triangle for bear miners (DUST), overall for the short term, i'm still bullish on DUST, but for now, i'm expecting it to close the gap and then boom to the sky with Bremain
Viewers, here's your potato`
I guess I was right, it does have intention on closing gap and it runs the wave perfectly today. Anyway, let's see how price act tomorrow...and don't buy GMO corns
Idk how to insert a chart picture on idea update. Here's my prediction on DUST for tonight and tomorrow, I'm expecting a gap down at the opening of the market. Due to most of the time DUST has the ability to close the gap, I expect a uptrend for tomorrow. From there, I expect a Bremain and we may see a Boom to the sky for DUST
DUST closed its gap that happened on 21st. At this moment, potential bullish RSI divergence showed up, so let's see how far our dust can go~
P.S. I'll stay out of trade before Brexit vote, too much volatility for me, I'd die with heart attack if bet on ETFs overnight.
tell me more how many people betting on Bremain, look at how DUST fly at the last minute of the market. Coin flip tonight, and hope my chart works.
Good Luck Everyone~!!!
Trade closed: target reached:
Britain decided to leave, market got wrong on this, DUST will have a huge gap down, don't rush to buy it, market needs time to digest it, so...
Hello, Great Scenario. I am thinking the same thing but am a little scared to activate. I see Dust going a little lower like you said perhaps one last pop in gold and then a huge drop - waterfall event as some have described it - in gold. When are you planning to buy DUST? Thanks for your alert.
if it's a gap down, buy the opening, if it's a gap up, buy the retrace. If you are new to these 3xETFs I don't suggest you use too much $$ to buy, especially hold over Brexit vote. DUST is still better for day trading and scalping, holding overnight may cause heart attack
Cornhub, yes I am familiar with Dust but I want to wait for the right signal to confirm that gold is going down. We may have to wait till after the Brexit vote and see the direction of gold. Gold could end up topping out after Brexit and then have its swan dive. Check out the monthly chart for Gold. Looks like one more up move.
i know, that's why i'm only doing some scalping between NUGT and DUST these days, not thing serious, just quick money, coz this Brexit may drag the gold either 1200 or 1300, who knows. By the way, those ETFs may act crazy even gold price remains the same, lol, and I had hard time before...XD