Replies to post #5103 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[BAA_Up]

I think your theory is reasonable.
Your charts are triple A.
For more comment my time is not enough.
greetings

[StockItOut]

Man, I hope it does.
I also see a potential thunderbolt pattern, which would mean about 1325-1330.
And even then, I'm inclined to think it does not hold and will return to retest if not break 1300 support.
As for your previous chart with jdst reverse head n shoulders, not sure if I'd consider it such pattern. Seems more like triple bottom to be. Shoulders not so symetrical to head. Tripple jdst bottom correlates with gold's potential tripple top.
Nice charts!
Have a good weekend.

[BAA_Up]

You also mentioned political issues.
I believe political conflicts need not have a positive impact on gold.
The Dollar could benefit from political escalations.

In economic uncertainties, the yen is always referred to as a safe haven. Then gold can go up with it.
I know that these things are not natural reactions. They are made, and then you need a reasoning.
This can support your Theroie. Because at the moment it is not an economic, but a political security discussion has found place.