DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES AMEX:​JNUG

AMEX:JNUGhttps://www.tradingview.com/x/se41Y0Tw/

If my drawing is on point, then JNUG closed today's action by backtesting the down trendline. Problem is, will it be able to sustain it?

It appears that Jnug is accumulating in the $14 range for a move higher this week or next. I would anticipate a move towards $16/$18 this week.

Anticipate a healthy pull back into the $15.32/$15.08 before resuming the up trend. Overall there is a wedge squeeze under way that will likely resolve by July 20th. Until then it will remain range bound between $14/$18 until ultimate break down or break out. With annual cycles, I'd anticipate a break out in July.

Jnug appears ready to resume it's uptrend after a pull back to the $14.34/13.76 range. It should bounce off that area and resume it's uptrend into the $17/20 area.

Jung appears to be topping out in the 16.40 range. I anticipate a pull back to the to the $15.50 range. Though there is potential to retest 14.50's on the weekly.

Nice Breakout from Triangle pattern. Looks to go to target of 19.00

Looks like a Retest near Triangle pattern support

potential bullish cypher with better entry follow your own rules for trading patterns etc. Good Luck and Good Trading

A good entry into a trade based on basic chart pattern consolidation / break of support / 9EMA curling up / good volumes

Metals/Miners Liftoff (Wave 3) : This chart is a bit complicated for some, but it clearly shows the pricing pressure that is building for a massive price move in the Metals/Miners sector. I've been considering the move and what would likely be the catalyst for any explosive upside rally in this sector and I believe it will be related to global concerns with Debt ...

The pattern is clear. Like the previous falling wedge happened at the end of 2015, we are approaching a similar structure. It is just a matter of time. I am optimistic. Dollar will collapse.

JNUG is trading in a triangle, pointed perfectly to the all time low, of February 2016. Last time that happened...

JNUG has now established a reactionary trading channel on 15 time frame within its larger daily channel. I would expect a test of 14.90 range to be a given but it may congest prices to mimic Feb 12th & 13th eventually testing the $15 area before making a move either way An upside break of channel line b would lead to test of 14.90-$15, line a, and an eventual ...

Then a flag of sort for half way pattern then to 52...not many know this

hold on to this bull...the fun is just starting...

JNUG to 38 on this run and more...

JNUG Possible short term bullish reversal