Mr. De_Vivre…
This is for you. If you feel a change of trend is upon us, this gap fill would make for an excellent cup and handle on the DUST 60.
Again, I am focusing on the GLDX lower trend line to help guide me on a possible trend change…
A “trend change” in my book is denoted by the moving averages, I happen to use 13/34. On the daily, it’s still bullish. On the 60 min bearish…Choose a method and trade it well. FYI, the daily trend has been BULLISH since the end of January on how I define a trend on the daily.
Also, stay away from NUGT/DUST if not an active day trader. GLDX is a fine trading instrument.
dust