Crude Oil ETF OILU - Long OpportunityAs you can see in the chart, OILU 3x Crude Oil ETF is approaching the bottom trendline on the log chart. Usually we'll see a bounce here, if not, keep your stop loss close.
BERZ trade ideas
$FNGU Full Moon FunThis one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase.
Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have written a brief summary of and also sent out the verbatim pdf that the FED published on how 'otherworldly' events can influence the markets by way of mass psychology .
This chart may serve as an example. As we approach the full moon humankind's sleep quality will decrease and stress levels will increase. As people's fear and stress rises, there presents a buying opportunity at the peak of fear and potentially oversold levels ... the full moon! As the new moon approaches humankind's sleep quality increases and stress levels decrease. As people's fear and stress fall, there presents a selling opportunity at the height of confidence and potentially overbought levels... the new moon!
I present to you: $FNGU a 3x leveraged fund that tracks the daily movement of the FANG stocks; because this is A) a 3x leveraged 'bull' fund and B) related to some very popular stocks for daytraders ($FB, $NFLX, $AMZN, $GOOGL), we can more easily catch upside moves related to exploiting these daytraders at their peak fear levels and then selling back to them when they are at their peak of confidence.
This chart may serve as an example of the use and abuse of mass psychology as it relates to moon cycles, but there is more to this chart than moon cycles alone:
As we can see the current price is between the TS and KS of the ichimoku system. Finding prices between these levels can sometimes be considered a 'value area'. Some other potentially long bias signals are the fact that we may be able to catch the 5th and final wave of the Elliot wave count presented here. We also see that a 'clone' level of the X-C-D modified schiff pitchfork has been respected as support so far. The last long bias signal I will mention is the Japanese candlestick pattern that has appeared: a bullish harami.
I am proposing a trade that has ~13% downside risk with upside gain potential of ~50%; allowing for ~3.5 dollars of profit to be gained for every ~1 dollar risked (3.5:1)
Manage your own risk
GL HF
xoxo
Snoop
OILU Reaches Bottom of 12 Month TrendlineOILU (3x Leveraged Oil ETF) has reached the bottom of a 12 month trendline. Given the age of this trendline it's likely to hold and we're likely to see higher levels. This should be an easy one to trade with a tight stop.
$OILD - Climactic Selling Volume & Gap FillRecord long net spec oils and climactic selling into support and previous gap. (Not sure how that was there.. Clue? at 24.50) Oil overbought and torched.
HIGH RISK/HIGH REWARD FANG 3x inverse ETF set upThe US market has been volatile of late. This is the risky 3x inverse ETF. Looking for a pull back to sub 40 before a potentially big bounce with the tech stocks showing weakeness
OILU Loyal Oil GainsOver sold OILU, it came completely of the vitamins. It may have a small pull back followed by some very loyal gains once it starts pushing past the EMA line and a more solid conformation of a reversal the bulking phase will begin from 38.50 to around 45
OILU Shifitng to the upside 4 hour Time FrameOn the 4 hour tame frame, OILU has been making higher highs and higher lows over the last week. Momentum has just shifted to the upside again so looking for a initial price target of 24.50.
WTIU (USOIL ETF) LONG Big lot in 16.00 out 22.50 around WTIU etf, im in here looking to get out in about two weeks im all in, in my stock account
