DIREXION DAILY S&P OIL SERVICES BULL 3X SHARES

GUSH: channel in a downtrend (LONG)

Here we can identify how the ETF have first an Uptrend ( blue line) and the it goes down ( yellow line).

it should start moving fowrd

Buying the oil services 3x ETF here GUSH. Looks to be coming off a double bottom (purple arrows) and has a bullish TSI crossover. Wish I spotted this earlier.

GUSH, is how Im going to play this move in OIL. OIL looks to be moving higher. I like GUSH as it consolidated at the 50% Fibo, it now looks to be breaking above the 50. RSI is moving from oversold. TSI looks to be crossing over positive. Ill take this as a low risk trade. Target at 124.50 stop just below the 50.

Bullish BAT harmonic pattern forming on GUSH. Look for retracement to 50% minimum at $79.62

CL1! Light crude oil futures look like they are developing a reverse head and shoulder pattern, which may continue after a correction to the 46 level with the potential to move up to 70 within in weeks. Theory is that GUSH and DRIP will respond to the pattern in CL1! Short term DRIP looks like it could be the play while GUSH moves lower to test support, if support ...

Looks overbought, with a short term correction coming up, tomorrow or the next day, long with its inverse DRIP, hedged with GUSH, then looking for a re entry at a lower price.

Currently in trade Holding...

Looks like the energy sector is starting its next cycle move higher. The gold candles represent the last move starting around January. Energy sector runs in 30-50 day cycles. This could be a good move higher for a while.

We need to check the days till next week to see how the OIL works. The OIL service works similar to OIL. I will wait till then to see if we can build a big long position.

My trading view,GUSH

My point of view, GUSH