BOIL rises into reversal territory SHORT

2023년 8월 8일

BOIL as a triple leveraged ETF of natural gas futures- has high volatility

which can translated to high profits for traders who can accurately harness

that energy .On the 2H chart in the time since the reverse split, the price has mostly

ranged up and down between the first upper and lower VWAP lines of the

VWAP anchored to the high in May. Occasionally it has ranged outside those bounds

and then reverts to the mean VWAP. Price is presently at or near the first upper

derivation line where it typically pivots down. The zero lag MACD is suggestive

of an impending pivot down before any signs of it and thus showing bearish divergence.

The mass index is not yet suggesting a reversal. The shorter HMA 56 rising significantly

above the HMA210 is suggestive of overextension into the overbought overvalued

zones of the chart.

Overall, I will put BOIL on watch.

Once a reversal is confirmed I will either short BOIL or long KOLD. Leveraged funds being

what they are and mathematics fixed and hard, shorting a levearged ETF is a faster fall

than its rise so the short position will be my first choice.

2023년 8월 9일

액티브 트레이드

Bull trap reaching for a sweet spot. Awaiting the downside.

2023년 8월 11일

액티브 트레이드

Downward price action will take half of profit off now and more near to the close.
Looking vor a reversal in a couple of tradings days as a long setup.

2023년 8월 11일

거래청산: 타겟 닿음

BOIL bounced up from VWAP support. Trade closed with a nice realized profit.

Going Long now and carrying over the weekend. TGIF !.