
PROSHARES TRUST forum

you really making it difficult for people today aren't you ??



open at yesterday’s close, look at daily chart, close above last fri and this mon. if analyze closely to see 5 min chart, we can know that bear actually created three consecutive lower high, which is a wedge top and close under 20 ema but still above yesterday’s low and last friday’s high, which is quite a bull achievement.
today, bulls want to at least not close under apr 10 and apr 11’s high/close. bears vice versa. bears may want bar move far from 20 daily ema but bull may want the bar close to ema and prob stand up on 20 ema.
- Possible set up a: downtrend at the opening to test the low formed yesterday then do DB reversal, hopefully buy above20 ema and see good bull signal bar.
- Possible set up b: if keep going down then see the price stop or form TR at 47.63 which is thur’s high and a place that works now as a support (was resistance on thur)
- Possible set up c: if up then wait for PB and 20 ema to enter to follow the trend, price at 50.5 maybe a resistance and if successfully BO then buy
At the current level, it is no longer ideal for aggressively holding short positions. We've already exceeded our profit targets by a wide margin, and exiting early is also a perfectly valid strategy.
We're now waiting for a clearer setup before preparing for our next heavy move.
(Just sharing thoughts — not financial advice.)

