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cerealpatterns

major outflow in energy could start soon

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (AMEX:DRIP)  
cerealpatterns  
AMEX:DRIP   Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
Trend Analysis Technical Indicators Wave Analysis Energy Commodities inverseetf etfs3x sector Oil
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trendanalysis indicator waveanalysis energy inverseetf etfs3x sector oil
an exodus in energy that has been expected as the price of oil could drop significantly may express itself as a short squeeze in DRIP. if we find a weekly higher low i would imagine holding the pivot price and aiming for upper horizontals is logical. if we fall beneath that pivot as resist areas above where a higher low could be set (the 62% retracement area) i would aim for lower horizontals and remain short this inverse.
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