USLV hast retraced to about the 50% Fibonacci level and completed a gap fill. Looking for a bounce to the upside to test its previous high. We possibly could see another breakdown in price and it fall to 11.70. I have already entered the trade looking for a pop back up. Entrancement corrections can move quickly in-favor or against you.
Target 1= 12.71
Target 2= 13.15
Consider buying more around 11.71 as the final flush might cause the leveraged ETN to run downward.
Stop = 11.40
If you get stopped out I would consider reentering a long position with new targeting as the overall trend is upward in my opinion.
**Not a pro trader, do your own analysis**
Target 1= 12.71
Target 2= 13.15
Consider buying more around 11.71 as the final flush might cause the leveraged ETN to run downward.
Stop = 11.40
If you get stopped out I would consider reentering a long position with new targeting as the overall trend is upward in my opinion.
**Not a pro trader, do your own analysis**