123Tom's TA study group

[123tom]

Looking at DUST/NUGT track patterns


lets say I'm watching for this next one. I dont know if it will happen tomorrow or happen at all.
But I'm biased toward playing the DUST bounces at the moment. to resistance area around 6.10-6.25 area and then see what NUGT looks like .

Maybe the next DUST trade?

It would correspond with NUGT pulling back after getting toppy around 33.50 area. DUST looks like a bottom worth buying at 5.65 today, maybe 5.70 tomorrow or next week. I'm just paper trading, a beginner at watching the dance between DUST and NUGT.

Spot Gold is holding up ok. are the gold miners pulling back? does that have an influence on the bias for NUGT/DUST ? I imagine it should.

GDX swing pattern,bias downward
but I could be wrong. retracing like it did to 27.65 area was fulfilling the target zone, its a guess now. zig zag area at 29.target zone at 28/27.50

and IF miners pullback again, shouldnt that mean DUST bounces in this cycle.