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
WEBS
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