Inverse head and shoulders is a bullish pattern that is usually found at a bottom.
There are 2 shoulders that should be relatively close in price and a deeper valley in the middle of the 2 shoulders that forms a head.
Direxion Daily Technology Bear 3X Shares ETF. Leveraged.
The pattern is not valid until the neckline is clearly broken with an uptrend.
Until it...
Direxion Daily Technology Bear 3x Shares forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Technology Bear 3x Shares (TECS:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.4 to the range of $31.00 - $33.00. The pattern formed over 17 days which is roughly...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
First entry: $51
2nd entry: $45.5
Avg pp/s: $48.25
Take profit: $57...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered $TECS today before market close at $39 per share in order to...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team will be using $TECS to secure gains from the possible upcoming market...
I'm super bullish on technology esp Apple, Microsoft, Google , FB, Amazon, Nvda all are heavyweights in the spy etf and sp500 index.. So i'm electing to short the 3x bear etf on technology.
There is a bear flag on the 3x bear etf weekly chart. The cup/handle trapped those that were bullish on this etf. However, look at the triangle and how price action is...
1. Bullish kicker SOR at end of a short time down trend.
2. Stoch RSI oversold
3. Bullish MA intersection
Using Fibo, I plotted my TPs on green, cutloss on red then entry at blue. After assessing possible gain over loss using average TP and CL point, there's possible quick bucks on this tomorrow or next week.
This movement has been as textbook as it can get - yesterday we had a surge to the upper resistance and today it has pulled back some. I expect this to breakthrough tomorrow or the day after. Shown here is technology short ETF TECS.
Both TECS and SOXS have descending triangles at present. I've decided to take advantage but please have tight stops and be aware of false breakouts (which have admittedly been happening a lot lately).
SPY is topping, forming a double top. This looks very good for TECS
I own January 20th $24 calls. Looking good...
What will be the trigger?
- Trade negotiation between China and US could derail
- The BREXIT's faith to be determined this month
- Europe' s and Global economy are weakening
- Earning season starts and we are in an earning recession as of last...
