Time to Take Off My Shorts.
Updated
An Inverse Head and Shoulders Pattern has developed on the Junior Gold Miners Bull Etfs JNUG. Pattern is predicting a new bullish price target of $110 correspinding with the MAY 20 TOP and the 1.272 fibonacci retracement level. Planing on adding to our bullish position after a breakout of this pattern's neckline. A tight stop loss just below the right shoulder is appropriate.
XAUUSD
GDXGDXJ
NUGTJNUG
XAUUSDGDXGDXJNUGTJNUGTrade closed manually
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