It might be time for Oil and Nat Gas to turn: Watching $GUSH

GUSH Reversal?
An idea I'm considering but its a bit complicated to trade this one. 3X ETF containing a bunch of nat gas an oil stocks. Very high correlation with XOP. Watch out for decay if you plan to hold. HONOR YOUR STOP and don't be greedy yet.

Here is a screenshot of the 3 tickers shown in the idea cart.
i.imgur.com/mTy4pKE.png

Oil (/CL), Nat Gas (/NG), and XOP have all been in sold downtrends for quite some time now. We are entering winter (elevating factor). Trade tensions are reaching a breaking point (over reaction might be ending, new reaction could come soon). Gush has slowed its decent and is possibly reversing along with 3 other key charts.

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Setup looks great. Just need those other three to give indication of breakout

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Invalidated with the gap down. Nat gas taking off but putting this one on the back burner till oil gets some relief.

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We are back in my zone of interest. NAT gas is continuing strong. Oil had a solid day...

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I missed it because I wanted a better entry but if we break 3.72 and 3.84 in one day while NAT GAS and OIL continue up. This might turn into a huge swing trade. Hope you were more willing to chase then I was.

トレード終了: 利益確定目標に到達

Missed it :(

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BROKE THE TOP! Sheesh!

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Also solid volume coming in....

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