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BOIL reverses from a quick downtrend LONG
ProShares Ultra Bloomberg Natural Gas
BOIL reverses from a quick downtrend LONG
By AwesomeAvani
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Updated
Feb 15
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Aug 11, 2023
BOIL on may 9th went into hard resistance in the highest VWAP line area, the Hull moving
averages did a death cross and it fell 12% into the support of the first upper standard
deviation line where it double bottomed with a reversal. The ZL MACD shows lines and
trends that are confirmatory. As a result, I have closed my short trade from my prior
idea and revested the capital gained into a long position of stock and calls. If you
are interested in knowing targets or stop losses, please leave a comment.
Feb 15
Trade active
BOIL is now a short on a weekly chart in a ratio with KOLD
anchoredvwap
BOIL
Double Top or Bottom
KOLD
Natural Gas
Oscillators
reversal
Volume
vwapbreakdown
xngusd
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