ABC Bullish/TECS is also ABC/D
Leveraged and Volatile.
This also measures out to be a Cypher if the final leg of the M pattern does not go too far below D, which is also C of the ABC Bullish pattern.
Cypher pattern is in yellow and shares the 1st leg with the ABC Pattern. Target for the ABC pattern would be D.
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 is an exchange traded note launched by Bank of Montreal. The note seeks to track -3x of the daily performance of the NYSE FANG+ Index, total return. The index comprises of public equity markets of the United States. It takes short positions and uses derivatives to include the stocks of companies operating in the technology and consumer discretionary sectors. The index comprises of growth stocks of companies across diversified market capitalizations. The ETN will mature on January 8, 2038. MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 was formed on January 22, 2018 and is domiciled in the United States.
No recommendation/Long with good entry level. Sometimes looking at candles can help. I do not see a pocket pivot at C/D.
Stop below C.
This also measures out to be a Cypher if the final leg of the M pattern does not go too far below D, which is also C of the ABC Bullish pattern.
Cypher pattern is in yellow and shares the 1st leg with the ABC Pattern. Target for the ABC pattern would be D.
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 is an exchange traded note launched by Bank of Montreal. The note seeks to track -3x of the daily performance of the NYSE FANG+ Index, total return. The index comprises of public equity markets of the United States. It takes short positions and uses derivatives to include the stocks of companies operating in the technology and consumer discretionary sectors. The index comprises of growth stocks of companies across diversified market capitalizations. The ETN will mature on January 8, 2038. MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 was formed on January 22, 2018 and is domiciled in the United States.
No recommendation/Long with good entry level. Sometimes looking at candles can help. I do not see a pocket pivot at C/D.
Stop below C.
Comment:
FAZ
Comment:
ABC pattern breeched C.