JNUG - Leveraged Junior Miner ETF Swing Long

On the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation.

A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal.

I see the potential for a significant gain of the ETF and its call options over about six months.

See also my idea on XAUUSD / Spot Gold for a more elaborate analysis and discussion.

Globally, the 49ers are back again and I think it is time to enter this market.