Miners going bearish???
This idea works off that JDST is in a leading diagonal wave 1. Strong internal wave 1, weak 3, weak 5 that makes a new high. I would expect a dip after the triangle completes and the dip price shouldn't go under the stop price. If all these hold true then a new impulse wave should go past the leading diagonal top price.
Anything going different would break this idea. These ETF's trade with high volatility and can change any good idea quickly.
Partial charting, price may hit around the 50 SMA on daily and go into a correction finding support before the stop. The next move up should break the 50 SMA daily and needs to remain bullish for a continuation.
You all should know these ETF's trade crazy wild. Use caution, good charting practices and know the trend!!!!!
Anything going different would break this idea. These ETF's trade with high volatility and can change any good idea quickly.
Partial charting, price may hit around the 50 SMA on daily and go into a correction finding support before the stop. The next move up should break the 50 SMA daily and needs to remain bullish for a continuation.
You all should know these ETF's trade crazy wild. Use caution, good charting practices and know the trend!!!!!
Trade active:
I'd keep an eye on this wave 5 coming up. It may move far greater than my chart, but still projecting the 50 sma daily being broken. Profit is profit and stops are always needed even if things go better than expected. Always be prepared to adjust your trades.
Trade closed: stop reached