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BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG
ProShares Ultra Bloomberg Natural Gas
Long
BOIL Leverage 3X Natural Gas ETF Cup and Handle LONG
By AwesomeAvani
Follow
Follow
Aug 18, 2022
1
Cheer
Cheer
Aug 18, 2022
BOIL
BOIL is showing a cup and handle pattern at present
lending increased probability of a bullish continuation
that could yield a 50% price rise over the 45-day width of
the cup. Macro and fundamental factors support ongoing
natural gas price escalations including the supply issues
in Europe, the heat wave from climate change causing
and so on. The cup and handle on a relatively long time
frame increases both its reliability and the time period
for which the pattern to play out.
BOIL
Cup And Handle
cupandhandlebreakout
cupandhandlepattern
Double Top or Bottom
GAS
KOLD
natural
UNG
UNL
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