AMEX:EDZ   DIREXION SHARES ETF TRUST DAILY MSCI EMRG MKTS BR 3X SHS
Enter at 48.79 a share, stop at 45.96. I'd probably leave out the 3rd target but to target 2 the risk/reward is 3.76. Just a side note; this may not be a shark , I'm still new to harmonic patterns . If someone could confirm for me whether or not this is a shark I'd appreciate it.

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I was using harmonic patterns without ever reading any Scott Carney but after reading "Harmonic Trading" I learned the actual rules to the harmonic patterns and found a near perfect Gartley pattern on the EDZ which predicted a reversal almost perfectly at the AB=CD 1.000 projection. Price has since dropped back down but I'm hoping that it bounces again at the same point and heads up to around $60, want me to post the Gartley so you can decide if you want to trade the retest.
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UGAZ gave me $4.42 per share Friday. I was watching ***the index NATGASUSD***. It was in the red but clearly climbing when I bought UGAZ before the open. UGAZ was red ink so many traders bought DGAZ which was green ink. They had a rude awakening when DGAZ turned red, and UGAZ turned green. Then UGAZ came up much faster. I sold after about 4 hours. That's a "red to green" R/G trade.
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Greetings from a fellow 3x Bull/Bear Trader! I'll be watching this one closely. Thanks. It's on my "Watch for swings" list. Don't know enough about the Shark pattern to say, except there are Bullish Sharks and Bearish Sharks. Right now EDZ in a lower bollinger situation, so not a good time to enter. Look for a clear reversal candlestick pattern, and a confirmation candle. I'm having great success with WTIU/WTID and UGAZ/DGAZ Don't just watch the stocks!! - watch the tradingview index's WTICOUSD AND NATGASUSD and you will have the upper hand. Keep a close eye on those 2. Peace
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