[Premium] Potential 6%-15% Short Term Trade Setup For UPRO [Expires in 2-3 days]

Nov16upro

This is a short term trade setup for UPRO on the 30 day 1 minute chart. Potential move of 6%-15%(!) based on the buy trigger area.

Best case scenario: ¬†W1-W2-W3 down would target 59-60 at 1.618 with the VIX in the mid 20’s..that’s a great bottom reading, and a great buy level would be the low of 1.618 at 59-60..a minimum upward 4 would target as high as 62-63 or as high as 66-67 on a full .786 reversal on 1-2-3 down.

Worst case scenario: 1.618 doesn’t hold at 59-60 and you’re faced with 2.618 down to as low as 54-55..that scenario rarely happens and 2.618 frequency is 15%-20% of the time we get a 3 that full length appears.

Where I’m leaning: ¬†Absolutely a great buy at 59-60..the reward is pretty strong at 382 and 786.

In : Premium

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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