Loading ...NUGT (bullish scenario)
-possible slanted inverse h\s with the right shoulder coming in at the impending 13\34 ema cross.
-consolidations have gone from being overbought (leading to down drafts) to being over sold (leading to potential up drafts)
-this phenomena was discussed awhile back by some members and has now possibly reversed
-notice the 3 other indicators are all bullishly aligned (not shown is my “proprietary” indicator nearing o\s)
-and finally, price is above all moving averages
as to what to possibly expect…..look to symmetry
and what happened in the second week of November
love it!
Tommy, are you using the right shoulder as support? The second week of November was a hard and fast drop; thus eliminating the right shoulder. Please help me understand.
Eagle, what goes down might go up…maybe symmetrically…get it?
if so, this is what it might look like
https://stockcharts.com/h-sc/ui?s=NUGT&p=D&b=5&g=5&id=p11474231415&a=495420888&r=1484102249144&cmd=print
Now, I get it…thanks