Description
⋅ On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.
A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.
I see the potential for a significant gain of the ETF and its call options over about six months.
See also my idea on XAUUSD / Spot Gold for a more elaborate analysis and discussion.
Globally, the 49ers are back again and I think it is time to enter this market.