DUST trade ideas
Time to turn to DUST?CMF is on a positive slope with GOLD moving lower for the day despite negative economic news having potentially topped on its recent recovery. Will see, but the risk to reward seems to be worth it at the moment. RSI is indicating that it has been sold, currently expecting continued positive movement for the rest of the day.
DUST Moving within the channel got rejected at line. Good short term plays between lines.
Buy DUST at bottom Buy NUGT at top of line.
A break of the line at top or bottom would indicate a breakout or breakdown.
Dust 3x inverse goldDUST is hugging upper trend line.
It should reverse and meet lower trend line and stay in the channel.
Go long 3x NUGT.
Keep an eye for a red reversal candle for entry.
DUST Low Risk/High Reward LongHoping for a reversal on DUST to retest recent highs, or higher. Stop below today low. I am in at 47.97
DUST longDUST long at 29$, if the wave count turns to be the case, then DUST should reach 60$. As the volatility of GOLD is very high lately, I decided to go with a small position for now to see how it will turn. I know many people got into gold long, but I see the gold is more bearish than bullish.
Trade at your own risk.
Dust suggesting growing anti-gold sentiment?The 1 retracement of the second uptrend
is the 1.618 retracement of its prior
Third uptrend @ fib 1.618
of 1st uptrend, 1 fib of 2nd
Fourth uptrend ends at
4.236 of 1st uptrend,
3.618 of 2nd, above
1.618 of 3rd
$DUST looking ready for a breakout$DUST is the Gold Miners short ETF, looks like it could still have a breakout with a small gap fill, look for an intra breakout tomorrow.
Direxion Daily Gold Miners Bear 3X ETF This is a simple play.
Set Stop Loss and Take Profit accordingly. Manage your risk and enjoy the profit.
My Micro Perspective on DUSTGold at this moment doesn't look that bearish to me right now, instead, it's forming a small support. I'm expecting a retrace on gold to 74-75ish, and GDX and other miners still have a small gap to close, so far, we have a ascending triangle for bear miners (DUST), overall for the short term, i'm still bullish on DUST, but for now, i'm expecting it to close the gap and then boom to the sky with Bremain
Viewers, here's your potato`
Micro View: Potential Cup n Handle on DUSTshort term i'm bearish on gold, miners has been acting weird recently(aka. always), people been selling miners for a while, that makes think that it must be something going on. Here's my little chart for people wanna do 3xETFs, on Dust, there's a potential cup n handle formation happens these couple days, and for now, i'm even looking for a AB=CD for now.
Anyway, who knows what's gonna happen for the next couple hours or days...spank me hard if i'm wrong...good luck
