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Multiple bullish patterns on DRVLong DRV = 3x Short Real Estate. To me looks primed and ready to go in the mid term to short term. DRV has been heading downwards in this ascending channel, and it has broken to the upside of the channel. Target of that one is around 66.77. Since breaking out of that pattern it has created two smaller bullish patterns, another ascending channel, and a bull flag with shorter term target of 57.77. I am not a professional, there are many ways to interpret charts and signals, I am only sharing what I see. Thank you.
AMEX:DRVLong
by mfrancisdli
1
LABU LEVERAGED BIOTECH ETFThis Daily Chart plots LABU to LABD ratios over time. LABU is 3X Leveraged ETF of a variety of biotechnology stocks while LABD is the inverse. By plotting the ratio of LABU to LABD, what can be found is the precise end of the LABU downtrend (LABD uptrend) and reversal into LABU uptrend ( LABD downtrend). In this case, the reversal occurred about June 17th while the SPY reached its current market bottom. This type of analysis can be used to make trade decisions regarding a contrasting pair of stocks or forex pairs. It makes the decisions more informed. IF going down to a 1H or 4H timeframe, the accuracies will be higher and the pivots more frequent also making potential profits higher. This can be used with other ETF inverses such as GUST /DRIP BOIL /KOLD JDST / JNUG YINN / YANG SOXL/ SOXS FAZ / FAS TMF /TMV By setting up all of these also with alerts such as ratio decreasing or ration increasing a trader with very little time to trade and diversify and automate his/her trading resulting in risk stratification and mitigation and economy of time.
AMEX:LABU
by AwesomeAvani
MATIC3S - possible bounce from supportMATIC 3 X SHORT on Kucoin Now trying to bounce from long-term support, this zone was holding like a rock the last few times. SRSI is oversold and looks like heading up.I would prefer RSI at the 40ish level, but we can do it like this. That 50 level for RSI could be resistance, so be careful around that level. There is a possible 25 to 30% move in this one, even if just bounces down from the yellow resistance zone... Use Stop Loss, be responsible... Good luck traders
MLong
by PhilosophersStone
2
SOXL close to a strong supportSOXL tracks the performance of the thirty largest U.S. listed semiconductor companies. The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently. I think SOXL is now close to the strong support of $21, pre-pandemic level, from which it can bounce to the $36 resistance. Looking forward to read your opinion about it.
AMEX:SOXLLong
by TopgOptions
1
LRC is it only me or those two seem pretty similar? we are now looking at the hrs chart, and IMO it is the start of the bull trend. 2 big green candles in the hrs, which looks like the 2 that also the XRP chart had shown before its enormous climb. I am bullish on this one, planning to reconsider my position once it reaches 1.8 USD ($), expecting a 3X in the following 1 to 2 weeks of trading. good luck to you all, trade safe and don't use more than you can sustain to lose. -- this is supposed to be a last-minute call, but please: don't jump in without taking your own consideration --
COINBASE:LRCUSDLong
by camelot0707
Breaking the trend 4 Hour BTCUSDT BTCHere is a four hour chart of BTC-USDT. If it breaks this trend there is a great opportunity for a short. Also followed by support and another opportunity for a long position. Thanks for looking and please like and follow. I will update daily. Leave your comments with your opinions. I am open to suggestions on how you guys view this market. NO FOMO!!!! Also if you miss your 3x leverage tokens on binance please use this link for a FTX account, you will receive 5% off trading fees. THANKS!! ftx.com
Short
by Walkingkitty
Long Term Bear, do not hold 3x futures based productsI enjoy trading DRIP and I believe long term, oil is worth less than today. ESG is a movement that will continue, especially when it comes to China and India's eventual and inevitable higher participating in the space. Day trade DRIP, but do not hold. The issue arises from the cost to roll the futures and the cost to leverage the future or ETF into a swap that returns the 3x. The cost is high, the slippage is insurmountable, and the product will deteriorate even if you chose the correct trade. Examples of this are everywhere. Trade events and noise, it is a risk / reward play. Saudi oil field was the last great play for this product, any large move up in CL1 would be a short term long DRIP. If you chose to trade the technicals, do not use the ETF, but CL1. This includes USO, this will also deteriorate away from CL1. **no position, but always waiting **happy to share further details on this topic and how these products function
AMEX:DRIP
by RCB1229
Don't Trust Today's Upturn in GoldIn my last post I mentioned that JNUG performs better when it closes above the Hull Moving Average . Today it moved decisively above the Hull, which I'd usually take as a bullish indicator. However, on this occasion, I don't trust it. The price of gold tends to move opposite the market. The market is down today for reasons of seasonality . Today (June 12) is what the Stock Trader's Almanac designates a "bear day"-- a day of the year on which the market has historically declined more than 60% of the time. However, it's an isolated bear day. Seasonality favors an upturn in the market tomorrow (June 13) and Friday (June 14). Friday is a "bull" day-- a day when the market has historically risen more than 60% of the time. There are several more bull days next week. I expect weakness in the price of gold as the market rebounds. Gold also tends to move opposite the dollar. The dollar is showing weakness today, breaking downward through some critical support levels. But in my experience, market movements on isolated bear and bull days can't be trusted for purposes of charting. I usually ignore moves through support or resistance on these days. The dollar may rise back above its supports tomorrow. If you're feeling lucky, you could even try shorting gold by buying the Junior Gold Miners' Bear fund (JDST). I'd only try a one-day short play, however, because even if the dollar does move upward tomorrow (an uncertain prospect), it may soon return to weakness ahead of the Fed meeting. As always, this is just an idea and does not constitute investment advice.
AMEX:JNUG
by ChristopherCarrollSmith