YINN China Leveraged 3x Bull Setting Up Reversal Short

AMEX:YINN   Direxion Daily FTSE China Bull 3x Shares
YINN the China Bull EFT has uptrended dramatically of late however

it is far extended above its moving averages while the RSI indicator shows

decreasing strength as a divergence. Price rise is hitting the resistance of

the POC line of the intermediate-term volume profile where sellers will

step in and invoke selling pressure in a triple top making the resistance strong.

I expect it to drop now and perhaps dramatically,. Inversely the YANG

ETF, a bearish leveraged fund will rise. By a Fibonacci analysis, a 15%

drop is expected before another inflection. Accordingly, I would set

up a stop loss of 3-5% on the short swing trade setup .

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