NUGT Trade on Feb 22, 2017 15:23 from Carter_is_the_Man_BOWS: Tradervue User Stock Trades.

Gold had been pulling back a bit (creating the complex consolidation pattern) while the general markets continued to look more and more extended. NUGT put in hammer pattern 2 days in a row on the 21st, and the 22nd, both of which pierced the 20 ema. I entered on the close of the 22nd. The next day, markets had a slight correction which caused price to gap up, however this was the only in favour price movement of the trade. 2 Days after that, price fell a considerable amount, causing me to get stopped out. In retrospect, the pattern does have a "falling over" look to it as of the 22nd, but that isn't a real reason not to take this trade.