JDST Inverse Junior Gold Miners ETF: Inverted Head and Shoulders

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Direxion Daily Junior Gold Miners Index Bear 2X Shares (BATS:JDST)

BATS:JDST Direxion Daily Junior Gold Miners Index Bear 2X Shares

harmonicpatterns chartpattern trendanalysis gold xau miners goldminers juniorgoldminers invertedheadandshoulders

JDST, the 2x Inverse Return ETF for the Junior Gold Miners Index, has formed a Slanted Bullish Head and Shoulders pattern that is currently holding above the 21SMA. If it holds here, I can see it rising all the way up to $12-$17 as gold loses steam.

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