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cerealpatterns
Aug 16, 2022 6:21 PM

major outflow in energy could start soon 

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X SharesArca

Description

an exodus in energy that has been expected as the price of oil could drop significantly may express itself as a short squeeze in DRIP. if we find a weekly higher low i would imagine holding the pivot price and aiming for upper horizontals is logical. if we fall beneath that pivot as resist areas above where a higher low could be set (the 62% retracement area) i would aim for lower horizontals and remain short this inverse.
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