DUST is 2x inverse GDX derivative trading instrument. If DUST goes UP, GDX eg GOLD-MINERS goes DOWN.

Here is DUST 1-year daily chart. Observe a LARGE H&S pattern which has run its’ course of approx. 10 months and bottomed 1 month ago around 03-feb-23. So last 1-year DUST and therefore GDX achieved nothing. A LARGE WHIPSAW. Not being in the market made the most sense and free of mind.

The whole H&S is set as a CYCLE. And as a PATTERN has ended; we look for a new pattern. As DUST BO-UP (break-out up) the BEAR channel and formed a BLUE BULL FLAG. As long as the UPPER LINE HOLDS (of the bull flag), DUST is in progress of a BT (back-test). IMO.

Observe the inner cycles where MID-MARCH has a MINI-CYCLE TOP and LOW (as cycles top also marks half of a cycle and therefore forms also a low).

AS for intermediate DUST-LOW we could see the VERTICAL GREEN FIB line as a marker and set the date for the 7th of March (this Tuesday). Nevertheless, this GREEN FIB can slightly be adjusted 1-2 later in correct TIME and would set a LOW either next Wednesday or Thursday. Charted indicators give odds for DUST-LOW around/between NOW and NEXT WEEK. Possibly the dMA(20) 14.26 could still be tested or slightly lower at the EMA(13) @ 14.02 which would still be a BT after the BO. EMA(13/34) cross over is still in BULL-MODE (UP) for DUST.

Going forward in the case of BO-UP the DUST BULL FLAG and where this upper-flag line  MUST HOLD for GDX-BEARS, we see two little measurements of each 53% possibly setting a HALFWAY PATTERN. If so … DUST will not only get above the higher dMAs around DUST @ 18 while (intermediate) PO is set for 21.5 while BT-ing the HEAD (from H&S) from below. But possible DUST goes in classic 3x EW (of each 53%) which makes DUST a PO @ 28 (3rd wave of 53% measured from dMA(200)) which confirms that price discovery goes back to the beginning of (each) FLAG … in this case 27/28-31 area.

Here DUST 1.5-year daily chart. As for TIME, an intermediate DUST TOP could come end of May; possibly September-23 (begin/end).

Will report going forward. IMO. DYODD.