Expanding on “Avocado’s chart”…
Price is sandwiched between the 13 EMA and 200 SMA/trend line..
For this “reverse hidden divergence” thesis to work, the price has to march on and up…
From my experience, this “sandwiching/squeeze” leads to an explosive move–one way or the other…
The first warning for the bulls is a breach of the 13 EMA to the downside this early in the move…
Second warning, a breach of the 34 EMA. This is a red alert on the daily chart…
A trader has to decide what to do? Personally, I am out on a daily breach of the 13 EMA.
Can always reenter…
So, I continue to monitor the minute charts for a continued uptrend…I.E. the uptrend line on NUGT 15…
Good luck!