• 1,066 days Will The ECB Continue To Hike Rates?
  • 1,066 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,068 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,468 days Could Crypto Overtake Traditional Investment?
  • 1,472 days Americans Still Quitting Jobs At Record Pace
  • 1,474 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,477 days Is The Dollar Too Strong?
  • 1,478 days Big Tech Disappoints Investors on Earnings Calls
  • 1,479 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,480 days China Is Quietly Trying To Distance Itself From Russia
  • 1,481 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,485 days Crypto Investors Won Big In 2021
  • 1,485 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,486 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,488 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,488 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,492 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,492 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,493 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,495 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

DRV (Real Estate Bear 3x ETF): IWR Bearish Watchlist

Reason: Potential Bullish Falling Wedge

This is a short-term trade setup.

If the Bullish Falling Wedge pans out it should result in a sharp rebound with a potential target in the range 46.16 (Gap) - 47.28 (Last lower high).

The RSI (5) positive divergence favours a tradable bottom which needs to overcome the resistance located at 45 opening the door to achieve a move towards the target box.

DRV Daily Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment