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Try drawing that trend line through the closes.
Welcome to reverse head and shoulders!
Triangle in an uptrend yes
I'm on the sideline now, but for all intended purposes, GDXJ triangle formed from a downtrend 3/16 low, hence my I dunno bull/bear comment
if triangle breakout, target (according to literature)is from low of triangle to resistance line, that would add 20 points to GDXJ, anything is possible, my guess choppy sideways trading until gold breaks fibs one way or the other
Have a look at the slow sto on the gold daily!
Now I know we are screwed!
https://www.cnbc.com/2020/05/05/white-house-considers-phasing-out-coronavirus-task-force-source-says.html
lmao, I have been avoiding JDST like the plague, now I suddenly remember why
Scaled out JDST today
my chart thesis didn't work out this time, back to the drawing board, and to the next one, good luck with the miners, I may join soon
Bullish. EOM.
Ascending Triangle
correction on my previous post, don't know if the Ascending Triangle is bullish or bearish, on the cusp of finding out soon
Turn log scale off.
When I draw that trend line I end up with today above the line.
GOLD CC
Short term on Gold, not seeing positive indicators. Monday trading expecting Gold to test 1720/30, GDXJ 41.80 based on P&F chart before succumbing to a correction phase in next few weeks, however, not a crash. If SPX starts breaking down, would expect all equity sectors to break down regardless of COMEX. If indicators fail, always possible, and GDXJ reverses to buy zone, then I exit/move on
1. Price failing to push above (5) EMA leading down (blue line)
2. Gold spot printing 3 peak/dome and bearish 'M' pattern
4. MACD cross over sell zone on 4/27
5. RSI diverging
GDXJ P&F chart failed a forming bull pennant flag on 5/1 with break below 40 at open
In terms of other arguments, real money, pandemic, etc. I focus on charts as bedrock for trades, 5 billion opinions in the world : /
Yup GDXJ at $57ish will happen as people run to real money!
This chart is moving from the upper left to the lower right for a reason!
Virus doesn't die in the Desert(summer) like governments have been hoping.
Yup!
Great post IMO...
JDST holders
Sharing some GDXJ/JDST chart work, 2/3x ETF's notorious for 100+% moves after derivative R/S, couple with possible equities bear market ahead, gold futures chart showing many diverging short term negative signals, I believe a setup is looming for a massive run in JDST, however stop out if new lows, I recommend watching recent Northman Trader videos on youtube for additional perspective on market structures
See negative diverging RSI
$JDST Hope everyone's still holding.. ;^)
Good times ahead.
Glta
jdst gonna run crazy
* * $JDST Video Chart 04-23-2020 * *
Link to Video - click here to watch the technical chart video
I know lol. Clay made a ton here today.
Reverse split. Lmao
Up 2300% today!! I'm rich!!
* * $JDST Video Chart 04-22-2020 * *
Link to Video - click here to watch the technical chart video
* * $JDST Video Chart 04-21-2020 * *
Link to Video - click here to watch the technical chart video
Thanks as well and I have watched the complete video. I agree with your sentiment regarding the strength of morning muster. Many clues, I see, and may very well misread some, but as we continue on our quest together in cell phone trading, winning is near. I also heard you loud and clear when you said "this level hair"!!! The key to success is in our hands and training videos that are sometimes in a different niche altogether! Remember, I am no Saint and admire your vid as I would not enjoy doing the same! https://m.youtube.com/watcv=lcHQtVssO24
Will this ever go back up over $20? Why is this so cheap right now?
* * $JDST Video Chart 04-20-2020 * *
Link to Video - click here to watch the technical chart video
I agree thinking about the grand scheme of China's dumping which is included in the 30 minute chart. Also, I like your belief in the moral of the story here and also believe that they will find out themselves the moral of this story!
Stock analysis: The Chinese are being instructed to dump their gold and money into public crapping holes so they will magically not need any toilet paper ever again. While the citizens do comply with skepticism, they are fearful that President Xi may have the same super human trait that Kim Jong IL did. For those unaware, Mr. dead, I mean ILL never used the bathroom ever.
So my super Guaranteed Prize savings Bond, As Long As It Works, free play is that JDST .90 plus up side. Probably $1 plus!!!
* * $JDST Video Chart 04-17-2020 * *
Link to Video - click here to watch the technical chart video
once again this morning sees the market is up substantially and gold is down
how about a move toward 2.00
* * $JDST Video Chart 04-16-2020 * *
Link to Video - click here to watch the technical chart video
* * $JDST Video Chart 04-15-2020 * *
Link to Video - click here to watch the technical chart video
I am not really watching today as I made my daily on a pre market short and cover on AAL
I do have a sell order in here For a break even at 1.65
Please explain how JDST will get to $5 if the economy is bouncing?
Yup. Been there, done that myself.
'Hope' is a trading plan that has never worked well for me either. I've moved on to the mystics.
My crystal ball says today is the turn around day. JDST goes up from here.
$5.00 coming to JDST!!!
Here comes the economy bounce!!
America is re-opening!!!
BOOOOOOM
https://m.theepochtimes.com/trump-authorizing-governors-to-reopen-states-warns-theyll-be-held-accountable_3312948.html?v=ul
could be a nice move coming here as gold AND the market pull back this morning
still holding 1.65
I am a really good hindsight trader... you know the "I shoulda woulda coulda" stuff.
Original plan first buy 1.80 second buy 1.50 and double down at 1.30. I LOST MY BALLS and didn't pull the trigger at 1.30 or even 1.15... shoulda woulda coulda.
Now I get to watch others make some nice coin while I hope to break even... BTW... Hoping is really not a very good trading strategy
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