JoeHayes
Long

NUGT .618 Retracement after Triple Divergence

AMEX:NUGT   DIREXION DAILY GOLD MINERS INDEX BULL 3X SHARES
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.
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