JNUG trade ideas
A date with JNUGJNUG is looking rather yummy lately and I'm getting ready to take a nibble :) Miners - GDX/GDXJ - were trading way above their 200DMA and were in dire need of a correction. That correction is now very much underway and Gold could print a DCL any day now. Notice how JNUG is flirting with the 50 DMA and possibly the 62%Fib Retracement where you'll find strong support. These are levels to watch in the next coming days.
Trade at your own risk..! JNUG is a 3X Leveraged ETF
$jnug descending triangle pattern on Money Flow$jnug 15min time frame shows a descending triangle in the money flow
100 puts on $jnug 15min descending triangle patternI bought 100 puts of $jnug at 4 different strikes after the close pair trade w/ 1000 shares of $jdst
15min descending triangle
W bottom on $jnug 1 HR?Looks like a Double Bottom on $jnug 1hr. I bought the dip, im buying into the close
JNUG Bull Run with Gold BreakoutJNUG rise will fill gap in next 6 weeks with gold on the path to go above $1300 to at least $1338 in the next few weeks especially as Sell in May comes into play with global growth slowdown impacting earnings for many companies especially Blue-chips. The view of gold as safe-haven asset in times of volatility and turmoil will help this rise in addition to it breaking long term downtrend on High Time Frame.
$JNUG: High-Prob. Rally Into 23.0 | $NUGT $GLD #gold #euro $AUDFriends,
I prefer not to dwelling in lower timeframe charts (e.g.: M15, H1) simply because they are often subjected to aleatories of higher timeframes where institutional traders tend to live.
However, I have been in this one right before the splits, entering at 2.061 this past mid-December 2015, and been following this pawn either directly, or via other gold correlates.
In this particular case, I simply want to mention that, following a successful series of "Target-Hits" using the Wolfe Wave and Geo principles, there appears to be yet another opportunity at this point to consider a LONG opp, based on the attainment of an ectopic Point-5 position via its (not-so-random wandering) Point-5-prime excursion, or 5' - See chart below:
Using the Off-Set Rule of the Geo, which states that:
1 - If price rallies from Point-5, it will seek to attain 1-4 Line as its highest probability event (This is the Wolfe Wave expectation),
Whereas,
2 - If price rallies from Point-5', it will seek to attain the price level corresponding to Point-4 as its highest probability event;
and
3 - If price rallies from Point-5'', it will seek to attain the price level corresponding to Point-3 as its highest probability event.
In this particular condition, we are looking at the Geo's OffSet Rule from the perspective of a 5-prime position. Hence, the highest probability event that could ever occur here is the rallying of price to the level correspinding to Point-4, namely the 23.00/23.38 range.
Note that an earlier predictive analysis and forecasting was effected on this ETF, in which 29.16 would represent the timeframe shifting value (i.e.: the level beyond which an analysis would require a 4-fold level timeframe of consideration, as a condition of the Predictive/Forecasting Model, which defined that 29.16 target this past May 02nd 2015). This simply mean that a 4-fold consideration would bring the analysis from a H1 to a H1 x 4 = H4, or 4-hour timeframe.
OVERALL:
The background geometries are calling for a rallying into the high-probability level defined by the OffSet Rule of the Geo, whereas a foreground Predictive/Forecasting Model maintains a bullish outlook on a much larger time scale.
Best,
David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA
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Twitter:
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David Alcindor
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Gold gogothis is probably one of my favorite chart ever that internally makes me excited.
bullish signals appear at the right timing
Gold up
market down?
For PM bullsPM futures, GC_F, SI_F, are strong in the early going. Gold and silver miners have been decimated over the last 4 years, $JNUG and $NUGT offer low risk and high returns in the near future. Targets as shown in the chart for $JNUG.
Potential Rallying At 1.49 | $DUST $BARS $NUGT $Gold #forexPREDICTIVE ANALYSIS/FORECASTING:
- TG-Lo = 1.49 - 17 DEC 2014: Low-Prob Attainment, High-Prob Reversal
- TG-x = 0.83 - 17 DEC 2014: Extreme Target/Invalidation level if breached
- Bearish Entrenchment: 21.16/23.08 range
FIBONACCI:
- 0.618-Fib retracement at 22.81 into bearish predictive model's entrenchment
ELLIOTT WAVE:
- Point-2 results from a w-x-y-xx-z complex correction
- EWP's Rule of Alternation call for simpler 4th wave formation
PATTERN:
- Bearish channel validation at/near predictive model values
OCCULT GEO:
Bearish impulse's upper and lower nodule draw core geometry at/near historical pivot ~ 14.00/14.14
OVERALL:
Technically-driven bullish outlook. Proprietary pattern (Great White) call for rallying in this vicinity. Unwinding of price to the upside calls for high-probability Fibonacci guidance to standard 0.618 level.
Volume spike likely institutional, acting much like stopping volume activity. This should be regarded as suspicious, in preparation of a probable counter-trend price action.
Alignment of 0.618-Fibonacci with Model's bearish entrenchment adds credence to rallying target - Expect a temporizing event at/near 14.00 level.
David Alcindor
Predictive Analysis & Forecasting
Buying Opportunity Looming Check the notes on the chart, and if you decide to take a long position make your stop loss at recent swing low with target price $10 and above. if you need a real time on this security try us www.2waytrading.com
Multiple Trade Reasons for JNUG Long Entry (Junior Gold Miners)Multiple Trade Reasons for JNUG Long Entry (Junior Gold Miners)
JNUG Bullish Engulfing with A possible break above DTLU don't need detailed explanation why we love it. First, we noted in July 10th that Bearish Belt Hold being a scary bearish pattern with target price at $22, it indeed hit that target price, now this engulfing bullish pattern with 3-ema being approached and possible break above descending trend line plus the index 3x violent moves could give u a reasonable target price at and around $33 next 2-months if not less. If u want a real-time alerts when to enter and exit try us www.2waytrading.com
JNUG Setting up for a Move Up?JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel.
Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse.
Should the Premier Stochastic Oscillator turn up accompanied with a bullish crossover in MACD then, given past history, we could see a move from the bottom of the price channel to the top (or slightly above) of it. This could represent something along the lines of a $10-$11 move on a stock that is well under $30 at present.
