chartwatchers

GDXJ - Bullish harami

Long
AMEX:GDXJ   VanEck Junior Gold Miners ETF
For those who doesn't want to test their deathwish with JNUG here is GDXJ the unleveraged fund of the junior miners.
As we are getting close to the end of this trading day a bullish harami is forming on the daily chart.

As I'm typing this gold is just breaking a out on the hourly chart.
... and forming a swing on the daily chart:


This candlestick pattern indicates that a bearish trend may be coming to end. Though we need a confirmation next week Monday a bullish harami is a good sign that we should enter a long position.

The word harami sourced from an old Japanese word meaning pregnant.
So this might be the sign of a new-born bull .

Comment:
The party is starting:
Comment:
Deep in the profit. Miners are going to break out of the flag today.
Trade closed manually:

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