the_get_man
Long

Is this Just the Correction to Another $32 Run???

AMEX:NUGT   DIREXION DAILY GOLD MINERS INDEX BULL 3X SHARES
114 1 0
So I have been using RSI and the 20 level on triple leveraged ETFs and is has been going nicely.

Today I noticed a pattern. A double bottom on the RSI led a huge upside run that lasted for 8 months. Well that pattern has formed again. Will it lead to a bullish run I am not sure but this trade is very affordable and can triple your total initial investment if it hits target 1.

The only difference between this and the previous double bottom is that the long term bullish cross of the 10 ema and the 100 sma at all time lows was in effect. That is a powerful buy signal that this new opportunity does not have.

Not sure if this is a good trade with all the uncertainty: rate hike and Clinton wanting to put miners out of business.
Your advice is appreciated.
Comment: finally starting to work
Comment: Also an inverse head and shoulders
Nice work. I think USD getting stronger could affect Gold prices for next 2 months, imo. I don't know how that in turn will affect NUGT remains to be seen
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out