markplea - in regards to the daily TZA you want to see a clean
break and successful backtest of the downtrend line (20 day MA
area) followed by a 3rd bar or later higher. No specific
price level.
The bullish view could have RUT moving higher with the current
pullback (that started yesterday) forming a higher low (maybe an
ABC down) with the current move up being wave B followed by wave C
down OR the pullback is complete and up it goes.
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Steve any potential levels for an initial move on a break out?
TZA Daily
Posted by markplea on 29th of Dec 2011 at 12:34 pm
markplea - in regards to
Posted by steve on 29th of Dec 2011 at 12:44 pm
markplea - in regards to the daily TZA you want to see a clean break and successful backtest of the downtrend line (20 day MA area) followed by a 3rd bar or later higher. No specific price level.
The bullish view could have RUT moving higher with the current pullback (that started yesterday) forming a higher low (maybe an ABC down) with the current move up being wave B followed by wave C down OR the pullback is complete and up it goes.