RizeSenpai

JDST Inverse Junior Gold Miners ETF: Inverted Head and Shoulders

Long
BATS:JDST   Direxion Daily Junior Gold Miners Index Bear 2X Shares
JDST, the 2x Inverse Return ETF for the Junior Gold Miners Index, has formed a Slanted Bullish Head and Shoulders pattern that is currently holding above the 21SMA. If it holds here, I can see it rising all the way up to $12-$17 as gold loses steam.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.