DIREXION DAILY S&P OIL & GAS EXP. & PROD. BEAR 3X SHARES AMEX:​DRIP

DRIP Direxion's 3 X Short Oil and Natural Gas ETF a long time favorite investment of mine, is a dynamic way to play both falling oil and stock prices On 10/23/18, DRIP rose almost 11 %, in just one trading day ! 4 Hour Chart on DRIP shows a multi month base between 5 and 8with a sharp move up in the last month. This h ETF often LEADS ...price movements in ...

I believe this stock will move like this because it have a consecutive pattern. Have a nice support right now and a bouncing point at 4.95. Candles creating higher highs and high lows (Bullish). Do your own DD and create your own plan of entry and exit.

DRIP is an inverse leveraged etf based on SPSIOP which formed a shooting star on the daily and weekly chart at prior resistance. Position anticipates a pull back on SPSIOP from rejected highs on weekly and daily to support above 6200. Averaged long entry is 5.38 stop loss at today's low of 5.24 higher opening next week in DUST will confirm pullback to support for ...

DRIP Direxion's 3X BEAR ETF on S+P Oil and Gas Exploration Index broke out of a multi week 4 Hour BASE PATTERN on 8/15, rising 14 % to Cl. 7.56 Price rise out of the Base in DRIP means that Crude Oil has, at the minimum. put in a price high near $75 in near term futures this summer, and the path of least resistance now may be to the downside. THE_UNWIND

We normally like to short the ultras but perfect setup for our signal and we took it. Now out 5.51, from 5.26 One day trade. Our signal looks at our Prop moneyflow signal

and declining volume. On the watchlist to break the triangle. I am leaning towards the contination of downtrend.

$DRIP Overbought at Resistance - 7.55 level looking like strong resistance and expecting it to hold.

This morning had a sharp fall in Oil price. I expect Oil's ICL drop to continue here. I missed the short from early February. Bought DRIP 14.7, hard stop 13.7. Looking for Oil to make a lower low below $60, then we'll see.

When WTI breaks 50SMA trend, this is the one to buy. https://www.tradingview.com/x/XfAWmJNr/

q1 to q4

Could be a good entry

This move should be relatively quick and I'd trade in and out when needed.

Oil has been falling for about two months and I found a good opportunity to buy into the trend on a slight reversal on the 13th

DRIP is trending

Possible head and shoulders Broke out at the bottom, but came back into the trend line.

Good luck!

and buy $GUSH could be tomorrow.

***This analysis is HEAVILY dependent on future macroeconomics and geopolitics and public statements, it could prove to be ENTIRELY wrong an hour from now based on what oil minister or nation X or Y says or does in an interview/meeting, etc.*** That being said, the technicals indicate to me that DRIP is going lower. First, we have the head and shoulders (shown ...