DECREASING CHANNEL on DUST ETFThe DIREXION DAILY GOLD MINERS INDEX BEAR 3X SHARES chart, in a one hour timeframe, has been forming a Decreasing Channel pattern, hitting three times the line above and two times the line below, in this case its advisable to observe the channel a little more until prices reaches one of the two lines to evaluate the opening of a position.
DUST trade ideas
DUST 3X Bear Gold ETF Near Head+ Shoulder's Breakdown !DUST, Direction's 3 X Gold Bear ETF is close to a Head and Shoulder's Breakdown,down 8% this afternoon.
That would imply a pending breakout to the upside, in the precious metal, GOLD
something that I have been writing about in the last week was a high probability.
DUST is an institutional favorite
and has large volume daily ETF volume and liquidity for the big boys to SHORT GOLD with an ETF.
Neckline Support in Dust is at just below 35.
If DUST breaks to the downside here,
then expect GOLD, to breaking out sharply to the upside,
targeting $1235-$1250 an ounce next.
THE_UNWIND
long dust, short Gold mining strategy- triangle pattern is shown day by day
- if break upward, there is a huge potential increase for DUST
- break out the triangle first, then the neck line of W bottom
- buy DUST at the bottom and last wave of triangle
- set stop at the last wave of triangle, if break downwards, it fails.
Ichimoku CloudsPlaying Trading Simulator Game:
Learning about Ichimoku Clouds.
Downward Trend Trading:
Used to SHORT a stock.
The setup is when the price moves down and through the cloud.
Wait for the signal.
The signal to SHORT the stock is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price rises above the blue line.
Upward Trend Trading:
Used to go LONG on a stock.
The setup in when the price moves up and through the cloud.
Wait for the signal.
The signal to BUY is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price falls below the blue line.
These are only my notes, they may be wrong.
Please do not take as advice.