51.81 would be confirmation for me. I like this set up and looking at purchasing 3 Jun16/23/70/C contracts monday.
251 long term target based off measured move from bullish triangular set up.
tradethatsetup@wokereverend
This is a Bearish indicator signaling DIG's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 49 similar cases where DIG's MACD histogram became negative, and 45 of them led to successful outcomes. Odds of Success: 90%. Current price $84.92 is above $81.16 the highest support line found by...
This could be a 50:1 play. Even a 750:1 play if the price of oil were to skyrocket.
What you are looking at is the price of a Proshares ETF named DIG which is supposed to move at 2X the price of oil. It doesn't and does have decay problems but the correlation in price movement between it and OIL was actually very good within -3% to 5%. So if oil jumped 25%,...
As the price of oil falls, we expect Oil ETF's to fall in line with it. Note this chart pattern indicates a breakout imminent either way. The Fibonacci levels give some intermediate profit targets before the point of support around $30.
