**** Long Canada Short US Oil Gas ETF ***Intra-sector Energy Trade here
Canada Index Trading on a low relative to XLE US Energy Oil and Gas.
There is a strong Reversal potential here
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EWC - 6.17% Profit Potential Swing Trade Setup - PennantBullish Pennant formed after a steady bull run.
I have not identified a clear technical target, however, I love the risk/reward ratio on this trade and I still feel this is an opportunity to pursue.
- Target Entry: $36.83
- Target Stop Loss: $36.50
- Target Exit: $39.00
- Risk / Reward Ratio: 6.58
Short EWC. Time symmetry and fib retracement levelsEither a clean break at time symmerty at the fib level, or a false move up first. Or, the short setup fails and the short-term bullish trend continues
SHORT Canadian index EWCEWC is based mainly on financial sector and banking depends on house debt.
Real estate market in Canada didn't suffer as US RE so the potential is reall big.
I am looking for an entry.
EWC Long after consolidation in uptrendEnter EWC after breakout above recent highs with stop below recent lows
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
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No, EWC.US doesn't pay dividends to its holders.