AGQ- A Silver on steroids ETF LONG

AwesomeAvani Updated   
AMEX:AGQ   ProShares Ultra Silver
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great

uptrend from which it pivoted down in a 50% Fib. retracement which took two months

to complete. After a bit of consolidation and sideways channeling, it has finally launched

into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning

indicator printed a buy signal today as it reacted to a green engulfing candle crossing the

mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy

in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been

riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is

confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom

into a 30-60 minute time frame and look for a pivot low from which to enter. My target

is the line showing two standard deviations above the anchored mean VWAP presently

about 36.3 representing at least 20% potential upside and profit. The stop loss will be

narrow with the price presently at the mean VWAP and POC line of the visible range

volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 )

Trade active:
Price action upward today allowed the stop loss moves to above break-even- Now this is risk and stress-free trade
Trade active:
Trade is progressing well. I have opened a set of call options for expiration on
August 18th targeting $37.00 This could develop into a moonshot -stranger things
have happened.

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