Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 14.2/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
quick bear flag here to really leave the station to the downside. AMEX:DUST
Dust looks like it's putting in a bottom to me. Also, there's a big falling wedge forming. If we see a breakout of this pattern (which I think will materialize over the next week or so), I think we'll see a sharp move higher in $DUST and miners should fall quickly. I'd be targeting the $17 resistance level as the target. Let's see what happens over the next few weeks.
1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 11.6/61.80%
If you belive gold will correct and the dollar will go up first half of 2023. Buying dust might be a opportunity. The setup and cyles looks nice. I am waiting for volume and a swing low with short term avrages and oscilators confirming the move. Also the dollar must show strength. Last COT data must show signs that the smart money is flipping the trade. For more...
2x leveraged fund shorting gold miners breaking out on the weekly time frame
IF dust loses MA10 here, after a rejection from the flat resist drawn, then a long period of downside looks highly probable.
Near-term increased in USD buying power and increasing interest rates suggest a reversal in inflation coming soon. With the inverse relationship that commodities like gold share I would expect mid to long term outlook to be anti-gold. Keeping in mind there are some market risks associated with this play. Recession potential can push out timeline or entry point....
multiple timeframes are showing oversold stoch, rsi and negative macd for dust 19.74 a target area for bounce
Gold/Gold miner likely to top soon Setup a trade to short the gold miner (DUST if you use etf, or short option) Entry price today, stop loss 5-7% for DUST. Don't get me wrong this is just a pullback which afterwards I am still Long gold/silver/miners
Will place a buy , tight SL It looks like best support to buy.
Buy from 23.91 and 21.39, stop 17.54, target 43.01 Limit purchases from weekly and monthly commercial interests and trending channel.
DUST is the inverse leveraged ETF for GOLD. GOLD looks bearish at the moment after a run up to test the resistance at the 18,500 area. This has the old breakdown support level that didn't hold and it just recently came back to up to retest that level and didn't hold. I'm projecting DUST to move up accordingly
Posted first on October 7th - ETF bottomed and showed significant positive side. Swing trading yielded fair gains for a 2x ETF - posted are the gross returns As you can see we have another rounding on the daily side and also topping trend on the WEEKLY chart. The weekly shows prices rising almost to the breakout point This may indicate something for gold in...
DUST 2x Inverse ETF I posted this about a month ago as a trading idea based on DUST bouncing and Laguerre about to turn green. If you look at NUGT it is dropping off pretty sharply. Buy corrections into the end of the month for (Potential) long term hold I know the gold bugs are stuck on a continuing rise in gold with some sort of catastrophe but I say ride...
Im bearish everything short term, including gold. Bullish long term though.