Volatile Times and Short Term Position Trading 3x ETFs. Message Board

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Strategies & Market Trends : Volatile Times and Short Term Position Trading 3x ETFs.

SPXU 50.01

-0.4%

Dec 5 4:00 PM EST

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To: Doug R who wrote (3497)	6/16/2021 12:43:04 PM
From: Doug R	of 4366

This kind of pattern, unlike others that I use consistently (target lines, MIMBOs, etc) is the type for which one can expect a break. Some patterns get broken. This one will break. If it breaks going up...it's a signal. If it breaks going down...it's a signal. When in the box, left side up...right side down...separated by the dashed green verticals. The pattern may be a bit brittle here but there's still an open door to the box and time to get there. An hrly close below 2291 and the pattern breaks and it gets ugly...imo. Otherwise...no worries...yet.

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