--> Trading Strategies Blog

Yesterday, the Direxion Daily Technology Bear 3x Shares ETF (TYP) formed a bullish engulfing candle on burst in volume. An engulfing candle is formed when the present day’s price action completely “engulfs” the previous day’s candlestick. A move above yesterday’s high of $11.68 could present a buying opportunity in this inverse ETF. We are placing TYP on the watchlist. Trade details are posted in the watchlist section of the newsletter.

Continue Reading...
Follow us on Twitter

Latest Tweets

@MorpheusTrading