The_Unwind

DRIP Triple Bear OIL ETF BUY ! BREAKS OUT LONG BASE

Long
AMEX:DRIP   Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
DRIP Direxion's 3X BEAR ETF on S+P Oil and Gas Exploration Index
broke out of a multi week 4 Hour BASE PATTERN on 8/15, rising 14 % to Cl. 7.56

Price rise out of the Base in DRIP means that Crude Oil has, at the minimum.
put in a price high near $75 in near term futures this summer, and the path of least resistance now may be to the downside.

THE_UNWIND




Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.