Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Sendme]

Good eye, remember if you trade the 5 minute chart, to take profits on the 5 minute chart. I like to treat anything under a 60 minute time frame as a good scalp chart. However I will look at the smaller time frames 15/30 for a possible entry IF the 60 minute or daily chart looks like a reversal is close.

Possible new pattern

I am waiting to see which way this larger pattern breaks

This should break one way or the other pretty soon IMHO

One thing that I am noticing is that most of the triangle patterns seem to test the pattern about 3 times each before a big move is made, except for the double top/bottom. So will GDXJ go down to 22?

I find this chart the most interesting, another pattern (H&S) points towards the 22 area as well

The fib .786 is also a good bounce target area as well