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YINN China Leveraged 3x Bull Setting Up Reversal Short
Direxion Daily FTSE China Bull 3x Shares
Short
YINN China Leveraged 3x Bull Setting Up Reversal Short
By AwesomeAvani
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Jan 8, 2023
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Cheer
Cheer
Jan 8, 2023
YINN the China Bull EFT has uptrended dramatically of late however
it is far extended above its moving averages while the RSI indicator shows
decreasing strength as a divergence. Price rise is hitting the resistance of
the POC line of the intermediate-term volume profile where sellers will
step in and invoke selling pressure in a triple top making the resistance strong.
I expect it to drop now and perhaps dramatically,. Inversely the YANG
ETF, a bearish leveraged fund will rise. By a Fibonacci analysis, a 15%
drop is expected before another inflection. Accordingly, I would set
up a stop loss of 3-5% on the short swing trade setup .
china
Double Top or Bottom
Fibonacci
leveraged
Oscillators
rsi_divergence
rsidivergence
YANG
YINN
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