Direxion Daily Dow Jones Internet Bear 3X Shares forms bullish "Continuation Wedge" chart pattern
"Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS:NYSE). This bullish signal indicates that the stock price may rise from the close of $20.30 to the range of $27.00 - $28.50. The pattern formed over 15 days...
WEBS and WEBL are workhorse 3X etfs and you can't go wrong playing both if your a swing trader. They do not have the volume nor volatility other 3X ETF's have which I like because it tends to move in a sophisticated cadence. If that makes sense.
I had stopped trading WEBS and WEBL but found I missed the reasonable probabilities in their waves and cycles so, I am...
Came up with this indicator and Renko chart configuration. Discrete versus analog style which I prefer. SMAs set at 2,4,6,8. Stoch RSI set to k=3, d=2 RSI length=1, stochastic length=2 RSI source=close. DPO Timeframe=Chart, Length=1, Centered.
Price is at resistance.
Neutral pattern until broke.
No recommendation.
Leveraged.
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States. It invests through derivatives in...
Leveraged and Volatile. This moves 3 times the market moves both up and down.
Crooked M.
Last leg down appears to have terminated at the .886.
Peak 2 is higher than peak 1.
No recommendation.
Possible stop under 23 or where you see support.
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear 3X Shares is an exchange traded fund launched by...
