jnug hidden bearish divergences
here is jnug with a long hidden bearish divergence and a small bullish divergence. I am guessing on the price movement but this is how it could play out towards the end of this cycle to the beginning of the next. Remember that miners and jnug do not perfectly follow Gold. Just look at jnug or GDX or whatever through the month of November and compare it to gold.
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with this afternoons higher high, we have developed a short term bearish divergence that formed. I used the blue lines in the RSI and Stoch below to show you. So now we have the long term hidden bearish divergence and a short term regular bearish divergence. In other words, I'm not scared of my trade short gold and Jnug.
