Personally I WOULD NOT place a counter trend trade with NUGT…
We are in the AIR zone…back test of support line which is now resistance?
Also, when I feel we are about to go into an “impulsive” move fast and furious.
I use the 5 minute with 13/34 crossover and hang on for dear life until the 13/34 tells me otherwise.
Excellent! Thank You!
http://stockcharts.com/h-sc/ui?s=GDXJ&p=60&yr=0&mn=4&dy=20&id=p40526788797&listNum=1&a=388070616