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AGQ 4W: BUY/HOLD 150% strong bull market(STOCKS/ETFs)
IMPORTANT...
Long AGQ - Huge breakout on Silver. This follows crypto and equities. Except silver is gaining so much more, it's about to break monthly wave bearishness, and it broke oput of a huge resistance line, which explains the MASSIVE increase in volume on the upside.
AGQ is x2 or x3 leverage of silver, so be mindful how much you go long.
I expect this to rise close to...
ProShares Ultra Silver (AGQ) is one of the few trades that have a 1000% rise potential. One of my favorite ETFs that follows Silver x2
Do you have the patience to make a a 1000% return x leverage? (I do!) 🆗
HAPPY NEW YEARS TRADINGVIEW!
I figured what better way to start off the new year than to take full advantage of the current sell off in equity markets. In addition to some lucrative short plays, I am really loving the RR of getting into commodity markets.
It's a story as old as time really! Well, maybe not that old, but it is a repeating phenomenon as old as...
I present this potential Cypher for several reasons:
1. This ratio will rise as Silver rises. As the CD leg is
a rally in this ratio, this implies Silver is rising as well.
The fact that this CD leg appears to be setting up for
a move to the PRZ is further implication that the
metals may be turning.
2. IF one agrees that Silver is headed higher longer...
I TEND TO NOT BE A BUYER ON BREAKOUTS BUT THE ACTUAL COMMODITY LOOKS LIKE IT HAS ABSORBED A LOT OF SELLING AND INCREASED OPEN INTEREST. IT LOOKS TO ME LIKE A SHORT, AND IF WE BREAK ABOVE 42.80, 46-48 SEEMS POSSIBLE. i'M USING THE 4/42 CALLS WITH A LIMIT ORDER @ $1.00...DO NOT CHASE THIS ONE...OZ
AGQ is a etf that tracks 2 times Silver. I am really bullish on silver for 2016. After a breakout from a long term range, looks like a good entry for long silver
AGQ
