- A couple supports at 120.62 and 114.21.
- Head and Shoulders pattern emerging.
- Price has broken the 20DMA during trading hours today.
- Target for a direct short on this could be the 114.21 support , possibly even timed by the (drawn on the weekly scale).
- MACD histogram is looking to cross below 0
This chart is re-inforcing my TZA trade (a related 3x bear), linked.