The idea is on this FAZ 15 minute chart. This is a ply on the idea that a rate cut may get kicked
down the road and a rate increase may come into consideration as a result of the report
of "sticky inflation".
Here on a daily chart the ratio of the Bearish Leveraged Financial ETF to its Bullish counterpart
is showing to be in a descending parallel channel. The chart is marked with comments about
trading considerations of these ratios at a given time. At present, the FAZ is undervalued
and should be bought. On the other hand, Bullish FAS, should be either sold if...
This flag almost became too long for it's pole.
No recommendation.
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...
As the fed raises rates to try to throttled down inflation, the economy and the financial sector
suffer. FAZ got its catalyst today in the federal news. It is a bearish fund that will go up
while the FAS ETF will go down.
On the 2-hour chart, the price can be seen rising to crossover the VWAP anchored a month back.
It is nearly crossing over the POC line of...
there is a bearish abcd pattern inside a bullish cypher set up. im shorting the c leg of the bullish cypher (d leg of the bearish abcd pattern) to the D leg of the bullish cypher which I have around 19.59
This leveraged ETF has pulled way back.
So far, price went just below the .886 of the first leg up in this M pattern.
Close to a double bottom.
Other fib levels are marked.
No recommendation.
Candle of indecision today that is turning green to red, then green again.
The risk of a wrong decision can be preferable to the terror of indecision.
Direxion Shares...
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...
Daily stoch heading south pull back occurring. look Vol more buying then selling. took some off 26
20% gain. Still long some shares
Weekly trying turn up.
FAZ weekly chart presented and comparing last two price run ups to current condition.
AO appears to want to go positive. See chart for price reaction last two times this occurred on the weekly.
RSI bouncing off 18 month low with harmonics generally supporting a turn soon. Plenty of upward room for the stoch, but it does appear to be faltering a little...
