There is an ABC pattern inside the Cup pattern and D has been reached. A throwback occurred and price is back inside the cup.
This is not to long entry level for the cup pattern.
It has been a while since I have seen this pattern (o: Unfortunately it is on a bearish ETN that moves up x 3 when the market moves down and vice versa.
Risky and leveraged.
No recommendation.
Fund Profile
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across financials sectors. The fund employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of large-cap companies. It seeks to track -3x the daily performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index measures the performance of U.S. large capitalization companies that are assigned to the Financials Industry by the ICB sector classification framework. It is non-diversified. Benchmark: Russell 1000 F40 Act15/22.5 D Cap TR USD
This is not to long entry level for the cup pattern.
It has been a while since I have seen this pattern (o: Unfortunately it is on a bearish ETN that moves up x 3 when the market moves down and vice versa.
Risky and leveraged.
No recommendation.
Fund Profile
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives and through other funds in stocks of companies operating across financials sectors. The fund employs short strategy and uses derivatives such as futures, swaps to create its portfolio. The fund invests in growth and value stocks of large-cap companies. It seeks to track -3x the daily performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. Direxion Shares ETF Trust - Direxion Daily Financial Bear 3X Shares was formed on November 6, 2008 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index measures the performance of U.S. large capitalization companies that are assigned to the Financials Industry by the ICB sector classification framework. It is non-diversified. Benchmark: Russell 1000 F40 Act15/22.5 D Cap TR USD