If Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) posts an out-side up hourly bar within the next 15-minutes, then it provides additional confirmation for establishing a long position in TZA at this time.
This reversal bar is working in conjunction with the weekly reversal as mentioned earlier today.
Long TZA with a stop at 20.23
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Paul Mosgovoy, President: Three Ten Trading, LLC
Thank you for reading.
Disclosure: I am long TZA.