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PROSHARES TRUST IIPROSHARES TRUST IIPROSHARES TRUST II

PROSHARES TRUST II

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UCO trade ideas

UCO in Buy ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Target is upper channel around $28.50
AMEX:UCOLong
by chancethepug
UCO Stock Chart Fibonacci Analysis 021125Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 28/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day. app.outlier.ai
AMEX:UCO
by fibonacci6180
Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher. Technically, the downward move that has been in place since the beginning of July could now experience a correction. Therefore, I’ll begin slowly scaling into oil at the 61.8% retracement level, keeping in mind that prices could drop further before the end of the year. According to seasonality, we could see the high in oil prices around May 2025. Let’s see how it plays out.
AMEX:UCOLong
by p4917
UCO to $30MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading system is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom channel on daily & weekly charts Stochastic Momentum Index (SMI) at oversold level In at $26
AMEX:UCOLong
by chancethepug
3
UCO a crude oil ETF LONGUCO popped in April and then dropped into a consolidation in May and June where it set up a base shown by the POC line on the volume profile. Once over the POC on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210 combination the bull trend began. The dual time frame RS lines in the 60s suggest more to come. I am trading UCO and similar oil-based instruments including USOUSD or forex in the near term until I see signals of a topping that are not yet evident.
AMEX:UCOLong
by AwesomeAvani
3
Crude Awakening: Why Oil is Set to Explode Crude Oil has been in Wave 2 since June of last year, which is a corrective wave that typically follows a five-wave impulsive move. During this time, prices have been consolidating in a range, forming a base for the next impulsive move to the upside. Recently, Crude Oil bottomed out during the middle of March, confirming the end of Wave 2 and the start of Wave 3. Wave 3 is usually the most powerful wave in a trend, and it is where prices tend to move impulsively in the direction of the trend. Based on my analysis, I believe that Crude Oil is headed for a strong upward move, with a price target range between HKEX:87 and $105. This is based on a combination of technical analysis and fundamental factors such as supply and demand. The chart suggests that Crude Oil has completed its correction and is now ready to resume its uptrend. In addition, there are several fundamental factors that support higher prices, such as the global economic recovery, the ongoing supply cuts by major oil producers, and the potential for increased demand as economies reopen. All these factors combined suggest that we are in a favorable environment for Crude Oil to head to the upside, and I am confident that this is a good opportunity to invest.
AMEX:UCOLong
by UnknownUnicorn910751
$UCO ready to go higher after retesting broken resistance?Notes: * Strong up trend due to macro situations * Printed a Pocket Pivot as it bounced off of broken resistance * Looks good on multiple time frames Technicals: Sector: Exchange Traded Fund Relative Strength vs. Sector: 3.02 Relative Strength vs. SP500: 4.05 U/D Ratio: 1.62 Base Depth: 56.08% Distance from breakout buy point: 4.42% Volume 37.69% above its 15 day avg. Trade Idea: * You can enter now as the price just bounced off of the broken resistance with higher than average volume * If you're looking for a better entry you look to buy around the $52.20 area * Manage risk accordingly
AMEX:UCOLong
by HaseebKhan_90
Bearhish wedge forming in UCOI see a good shorting opportunity in the future around late Jan to mid Feb. I'm waiting for similar overbought conditions of the indications as circled and a break of the wedge. Other things too look for is a break of supertrend and movement under hull. 200 day moving average (light pink line) should be strong resistance if it can breakout above the orange line. A blow off top is possible which could present a good shorting entry too. One thing to watch out for is a possible retest of the orange line breakout and a move higher.
AMEX:UCOShort
by Lynxys
UCO crude oil etf 12/4 target $21UCO is at the top of it’s 4 month downward trend channel. That’s a good spot for a short entry on a crude oil etf. My 12/24 target is $21. US crude oil inventories rose 4.6 million barrels last week, missing expectations for a draw of 900k barrels. US coronavirus cases hit another new daily high record today with 140,543 reported. Renewable energy is where to be long, not this dirty pollution. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading 101* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue & Earnings Debt / Cash Book value, assets 7 Common mistakes: +5% portfolio trades Bad risk management Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum www.tradingview.com
AMEX:UCOShort
by Options360
1