NUGT Bullish Breakout of Rising triangle

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Pattern: Rising Triangle textbook breakout of resistance

Edge: There is bullish divergence in the money flow and it is breaking above the zero line. The "squeeze" indicator is firing today (red dots turn to green), which shows an expansion in volitily and indicates that price may start to move more drastically. It is firing "long" as the histogram is above zero line. Also, gold and gold miners tend to be more bullish when there is fear in the market as gold is a historical safe haven.

Risk Management: Bought at $5.19, stop loss at $14.15, PT1 is just below recent resistance high at $17 ish, and PT1 is at the gap fill around $18.80.
交易开始
Hit profit target 1! Great move! 15% profit in 1.5 weeks. Not bad.
Moved stop loss to above buy price so the remainder of our trade is now risk free.
交易结束:到达目标
PT2 reached. Sold remaining position at 18.54. GREAT TRADE! Almost 20% return in just a couple weeks.
Chart PatternsTriangle

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