JNUG 4 HR - is the 500 Hull trying to LIFT OFF the 340 SMA?JNUG 4 HR - is the 500 Hull trying to LIFT OFF the 340 SMA?
JNUG
JNUG's Next Big Bull MileStone Coming... Daily 34 SMA x 340 SMANext Big Bull MileStone Coming... Daily 34 SMA x 340 SMA
Bought Perfect Bottom = TCB in a Flash! ~ Elvis Presley Style!Gold Miners Perfect Bottom - TCB in a Flash! ~ Elvis Presley Style!
XAUUSD BOTTOM IS IN The RSI for the Bullish Percent index on the Gold Miners index reached below 10 suggesting a low is near (Tuesday close 3.32). An RSI close above 30 have proceeded $GDX rallies; Wednesday's close 36.30. $gold $gld $XAU
GOLD KEY REVERSALGold tested $1269 early Tuesday before reversing higher and gold finished 5-waves down on the hourly - Tuesday was the 55-day Fibonacci step out from the 3/27 high and Wednesday was the 21-day Fibonacci step out from the 5/1 high - did we make a low? The GDX needs to lead us higher.
Head, Shoulders, Knees, and Toes. With confirmation We experienced heavy selling pressure on gold today once the head and shoulders pattern was confirmed at 1292 neckline .
Will be going short at 1283 with a cross of the 20 and 50 period simple Moving averages. It’s also a match at the 618 Fibonacci retracement level. Looks like The 20 day moving average which is near 1255- 1256 will be a good place to cover
JNUG - Smartmoney positioningI never do charting in the 3x ETF ...
The only thing I'm watching is the volume .
Volume often showing when smartmoney is positioning for a miners rally.
Yesterday's volume is extreme.
I think some of the big banks was buying yesterady 's miners breakdown and they did it in the 3x ETF JNUG.
I want to buy with them.
JNUG PAIN COMINGBearish Head And Shoulders Pattern on JNUG.
JUNIOR GOLD MINERS
TP 4.83
JNUG AMEX:JDST
AMEX:GDXJ
JNUG 20%+ profit oportunity Gold fundamentalsThere is a new oportunity in the JNUG to make some gold ;) every time de Stochastic RSI makes a possitive cross JNUG prints some great profits, and in this case the Gold is backing up this movent because in managed to hold the 1265 level and made a quick bounce over a long term resistance at about 1280.
I think we´re going to test the upper part of the triangle in wich JNUG has been trading.
Target 9.50
More Pain Coming To Gold and Mining StocksBeware! OANDA:XAUUSD TVC:GOLD AMEX:JNUG AMEX:GDXJ
Recent confirmation of neckline on daily head and shoulders pattern indicating significant drop in gold is imminent.
A breach of this neckline will invalidate the pattern and the sell opportunity.
Sell gold here Target price to 1215
gdx broadening?$nugt $dust $gdx $gdxj $jnug $jdst $gdxj
Potential for more pain for miners before a powerful run up
careful miners$gdx $nugt $dust $gdxj $jdst $jnug
bearish gart (xabcd) I'm bullish on gold long term but I don't like this. CAREFUL NOW
Jnug finishing up head and shoulder- looking for a bounce play Open position at $8.35
Stop loss at $8
Take profit at $9.8
If you want to test my strategy out,
try to paper trade this, get the mobile paper trading app call webull, see link below.( it's like robinhood with free trading but they have paper trading feature on the app.)
copy and paste this in address link for free stock and paper trading. act.webull.com/i/7e5Q6QYdcXz1
Why this play?
Spy is running ath, so i usually like to use this as a hedge, plus the daily rsi is super low, it's gotta reset.
More about our plays
Everything I charted out is something that I am personally betting my money on along with my clients and our group.
if you choose to play it out and it work's out for you.
Im glad that we both make money =), if it doesn't work out, I am sorry. These play's are always to minimize loss while maintaining a higher reward.
I personally play these on common stocks but you can find an option play for them too.
Just make sure to buy 2 week out expiration, not too close to the money so you don't get kill by theta and delta.
if the stock is at $50, do like 5% out ($47.50)
