Stock Opinion - WEBS and WEBLWEBS 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 back to trading them. Currently holding WEBS as of this post
WEBL
WEBL 3X LEVERAGE DOW JONES LONGAMEX:WEBL
The WEBL moves well owing to its leveraging.
At present on the chart, WEBL is near support
after a downtrend. I have picked a target
based on a retracement of that downtrend
to the middle Fibonacci level. This target
also has confluence with the VWAP band
and the upper boundary of the volume profile's
high volume area. I have calculated the
Reward for Risk as 2.35.
the volume profile's
perspective bounce on the monthly 200ma, shorts are piling up, possible squeeze rally at the 20 percent bear market psych level, next three day are big