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JoeHayes

NUGT .618 Retracement after Triple Divergence

Long
Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)  
JoeHayes  
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
618 retracement pullback Divergence Volume Indicator
2
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618 retracement pullback divergence volume
NUGT has put in a .618 retracement after triple divergence led it to break previous resistance with momentum confirming the break. Our decline was not a sharp decline at all hinting that this was price taking a breather on somewhat lighter volume. I am looking for price to continue to its 127 projection with stops underneath previous lows.
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