TZA Small Cap Bear 3x ETF Daily Chart Falling Wedge Positive Divergence W Pattern Bottom

TZA small cap triple bear play, not for the faint of heart. These are not long term ETF holds, these are quikie trade vehicles, you take your profit or your lumps and move on in short order. Beautiful positive divergence set up again. Price will settle out in the blue circle providing the entry to catch the rocket ride. Falling wedge over the last couple weeks also forecasts a big pop. Price popped off of the positive divergence in February and this is the same set up again.

The gap above at 46-47 remains unfilled and served as resistance, therefore, as price bounces up wildly again, the gap at 41-42 and the gap at 46-47 are targets. Note the W pattern forming now and considering that it will form under both the 50 and 200 MA is a powerful upside indicator. The ramifications to the broad markets are obvious, if this chart bounces up, then the markets are selling off. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.