JNUG - From Outter Space - Part 1 of 2
Someone asked me to chart JNUG. Here is the outcome.
View is 9D chart.
I am not currently in this position. THIS IS NOT READY IN MY OPINION - BUT CLOSE
We see a downtrend of blue patterns inside a yellow wedge.
The yellow wedge overall is bullish with the bottom support being upward sloping.
Inside the yellow wedge at the point, are two blue wedges.
These two blue wedges are bullish in formation. Current price action suggests bullish breakout.
There are price gaps above and below current price action.
Gaps above and below price means we need to see a clear breakout before entry to either side for confirmation.
RSI trend is very interesting.
We have predictable pattern currently with downtrend possible for next few weeks.
Appears to be entry upcoming based on RSI pattern.
Trend filter dots confirm bullish trend is next.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
View is 9D chart.
I am not currently in this position. THIS IS NOT READY IN MY OPINION - BUT CLOSE
We see a downtrend of blue patterns inside a yellow wedge.
The yellow wedge overall is bullish with the bottom support being upward sloping.
Inside the yellow wedge at the point, are two blue wedges.
These two blue wedges are bullish in formation. Current price action suggests bullish breakout.
There are price gaps above and below current price action.
Gaps above and below price means we need to see a clear breakout before entry to either side for confirmation.
RSI trend is very interesting.
We have predictable pattern currently with downtrend possible for next few weeks.
Appears to be entry upcoming based on RSI pattern.
Trend filter dots confirm bullish trend is next.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.