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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.555-0.1%Nov 7 9:30 AM EST
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To: yard_man who wrote (3983)1/13/2025 3:54:51 PM
From: Tweets Boar Hog   of 4397
 
ym, I follow Kold fastidiously, for some reason it seems a bit easier to TA than Boil. For me anyway. On a daily basis it does track BCOMNG, at just a bit over -2X. Proshares has to get their profits is why the tich more than -2X. So when it is falling it will fall a bit faster than Boil will rise. The Boil up track will be a hair less than 2X, again Proshares needs their cut.

This is a log chart.

I think it topped out in a 5th wave ending diagonal triangle which is very bearish. If one were to predict the next 'major' low based on triangle projections, on a linear chart, it would be below zero. Least imo.

The weekly Rsi pattern is very bearish, going to the hole.

If you look to the left Kold is falling thru some choppy support and resistance. One might expect a pretty good rebound in the 20 area, and when Kold hits 20 I think Boil might be ~ 120.

Quick trade in that area???

Present thots anyway. And if that happens that would probably be the end of a (iii)'rd wave down with one to go. And if 20 eventually goes ..... well not a lot of R until much further down.

Next major bottom should be an ~ 3 yr low. Next even bigger low is the next 4 yr low, probably mid '26 to early '27.

No guarantees .... this gets stressful at times.

Tweets

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