Miners going up

5 באפר׳ 2017

Nugt made an engulfed bullish candle that was greater than the previous day. I feel were now moving up for a final wave of an ABC correction. Dust and Jdst (bear shares) haven't been able to stay above the 10 ema for a several weeks (bearish trend). The dia and spy had a very bearish candle trying to go up in price today.

Stop at 9.20.

7 באפר׳ 2017

עסקה פעילה

Wave points need to be adjusted a bit.

7 באפר׳ 2017

עסקה פעילה

Miners haven't been moving well with gold. The markets are sideways as well. I feel gold will need to find a new support point. Everything is compressed and it makes a swing trade very difficult no matter what side of the trade you're on. I'm just going to wait for a brief dip then reenter. We're still in an up direction and I think the last wave will be much stronger. Most people believe wave 4 can't go into wave 1. I don't agree with that rule. Rules are meant to be broken. Do you always do everything you're told?? I don't think waves care at all.

I'm reading an Ion Copsey book and he pointed out what I believe wave 4 can go into wave 1. It's a hard read, but I agree with his concepts. If feel he and Elliot are both correct in different ways that meet at the same point.

If this last wave is extended I'd wide target $11-$12.

11 באפר׳ 2017

עסקה פעילה

may hit resistance near 11.80ish, retrace, then head near 13ish

12 באפר׳ 2017

עסקה פעילה

choppy, I'm now seeing retest and fill gap 10. Then up to original target box.

19 באפר׳ 2017

עסקה סגורה: היעד הושג

Target was reached. I'm not sure why it had such a strong sell off afterwards.