123Tom's TA study group

[123tom]

Thanks for the 5 minute chart ,C

interesting to examine .looks like one could make a few hundred dollars for the day with a $3,000 trade in and out.
The chart set up I was initially looking or was to see NUGT pull back to 29.00-28.00 area) it hit 29.05. I dont know if I would have jumped on that or not. and I initially had a DUST target to get in at 5.80.... which also got hit when NUGT reached its peak. Seems like one needs to watch both DUST and NUGT price action simultaneously..??

so for my first effort I see that my targets got hit but the path that DUST and NUGT danced was not the track pattern I forecasted. so I missed it in that regard. I would have had to hold overnight.I would have missed my initial DUST entry at 5.80 because it held at 6.01 on that day.and rallied from there. The DUST bounce was shorter than I wanted and then that turned into a NUGT rally that started at 29.05...which climbed to the 32.50 target I had where DUST hits 5.80

so Now, I'm at the DUST 5.80 and if it would follow my track pattern I'd be forecasting that DUST rally to 6.80 area. and maybe NUGT correspondingly drops down to retest 29 and maybe 28 area.