DUST trade ideas
DUST 3X Bear Gold ETF Near Head+ Shoulder's Breakdown !DUST, Direction's 3 X Gold Bear ETF is close to a Head and Shoulder's Breakdown,down 8% this afternoon.
That would imply a pending breakout to the upside, in the precious metal, GOLD
something that I have been writing about in the last week was a high probability.
DUST is an institutional favorite
and has large volume daily ETF volume and liquidity for the big boys to SHORT GOLD with an ETF.
Neckline Support in Dust is at just below 35.
If DUST breaks to the downside here,
then expect GOLD, to breaking out sharply to the upside,
targeting $1235-$1250 an ounce next.
THE_UNWIND
FOMCLong from 36.17, FOMC tomorrow, increased Fund Rate potentially bearish for gold. Breaking current resistance would be a positive sign for position.
Bearish on minersI feel friday should be the last day of bullish gold and be a buy spot for bearish miners. This should lead to a strong impulse wave for bearish gold. Stop is in a basic spot of resistance.
Good Risk reward ratio if gold continues bearish next week.
long dust, short Gold mining strategy- triangle pattern is shown day by day
- if break upward, there is a huge potential increase for DUST
- break out the triangle first, then the neck line of W bottom
- buy DUST at the bottom and last wave of triangle
- set stop at the last wave of triangle, if break downwards, it fails.
This thing wants to die under 19.01Descending triangles are bearish especially during downtrends, typically continuation patterns of the prior trend. Expecting new lows
Ichimoku CloudsPlaying Trading Simulator Game:
Learning about Ichimoku Clouds.
Downward Trend Trading:
Used to SHORT a stock.
The setup is when the price moves down and through the cloud.
Wait for the signal.
The signal to SHORT the stock is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price rises above the blue line.
Upward Trend Trading:
Used to go LONG on a stock.
The setup in when the price moves up and through the cloud.
Wait for the signal.
The signal to BUY is when the cloud changes color.
Either have an exit price in mind or wait for an exit signal.
The exit signal is when the price falls below the blue line.
These are only my notes, they may be wrong.
Please do not take as advice.
DUST future buy opportunity?Playing Trading Simulator Game:
Picked this stock because of its big daily price range.
I know it's a risky buy, but something about it looks right.
A smart investor would wait for the right buy signals.
I think they will come some time this week.
Dust hit bottom support of symmetrical triangle formationDust hits support line on triangle formation, may signal a buying opportunity. Price target : 29 $ possible 30 % profit
DUST - 50% Retracements... Amazing!!!Check out each of these triangles and they're all at 50% from Low to High.
Test it out for yourself
Got to be a good way to predict and profit!$!
DUST 9-26-17 PredictionPullback was Hit!
Support didn't Hold, but still above 90 EMA.
Now outside Channel...
Possible Bounce Back up to Breakdown of 24.50 ?
DUST 9-25-17 Prediction: Still Bullish?Pullback was Hit!
Still above 30 & 90 EMA's. Forming a short term
Descending Wedge - looks Bullish to me
But outside Channel now... Caution!
Might require more Pullback to $24 area, but will support hold?
DUST 9-21-17 Prediction after yesterday's crazy actionWow, yesterday's BIG up move was out of nowhere@! Up 2 points or so in 30 mins.
DUST is back! and in the Up Channel again.
I think a slight Pullback is due, getting way to far from 30 & 90 EMA's.
DUST 9-20-17 Prediction, Toss Up!Missed Target by ~.30, near Channel & 90 EMA supt. Could go either way now... if 23.00 doesn't hold, then down to 22.60.
DUST 09-19-17 predictionWow exceeded Friday's prediction of $23.60, almost hit $24.
Looks like DUST needs a Pullback... let's see if it goes back down to new target area.
I like it when I guess correctly :)
DUST 9-18-17 predicationWell didn't get last predication right!
DUST still wants to continue up with possible BO above 22.60.
Let's see what Monday brings.
I love guessing what Gold is going to do, it's a reflection of what Market is doing.
DUST - 9-15-17 Pullback PredicationI think the downtrend resumes based on the Triple Top, it couldn't close above 22.50. If so, I could see it moving down to 21.30 or as low as 21.00 area.
