Get started
JoeHayes

NUGT .618 Retracement after Triple Divergence

Long
Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)  
JoeHayes  
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
618 retracement pullback Divergence Volume Indicator
2
0
618 retracement pullback divergence volume
NUGT has put in a .618 retracement after triple divergence led it to break previous resistance with momentum confirming the break. Our decline was not a sharp decline at all hinting that this was price taking a breather on somewhat lighter volume. I am looking for price to continue to its 127 projection with stops underneath previous lows.
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.