ERY - Signaling weakness in Energy?ERY is on the verge of breaking out of a falling wedge from the lows of the chart. Very likely to see a breakout here. If it fails we will see the lower wedge act as next major support level. Longby Trading-Capital0
Short Energy sector 🛢️ - Swingtrade, high Risk/Reward trade If you like the idea, do not forget to support with a 👍 like and follow or comment. Leave a comment that is helpful or encouraging. Let's master the markets together. Hi fellows, just one of my today swingrades: As you can see ERY bottomed out and forming a bull flag pattern.Rising bull momentum is there clearly represent by divergence on Momentum and CCI indicators. Today will be good opportunity to get in. ------------------------Trade setup --------------------------- Entry: 34.34 Stop Loss: 32.75 Profit target: 39.76 Time stop: 5 days ------------------------------------------------------------------ Longby Tomasgei112
ERY LONG position on breakout of downward trendlineAs ERY broke its minor downward trendline and came back down close to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken, then price came back near the trendline to test it Price has re-attempted the recent high, showing strength A recent high offers us a place to put a logical technical stop As always, respect a tight-stop. If it rips up, let it run and trail stops behind.Longby ericsolanUpdated 117
ERY Failed PushSeems like we can trap some of the people that shorted below the most recent low. I put this trade on awhile ago, but can still get in at a good price.Longby mych36Updated 2
ERY Found support at the centerline.ERY zoomed the CL. from the south, came back to it and it looks like it get's some MoMo to the upside. Price followed the Forks textbook. So yes, I will try a long with the UL. P!Longby Tr8dingN3rdUpdated 4412
ERY - longMight be a good jump here and now. ERY = shorting energy sector. Oil feels not good, S&P feels not good. A+B = ERY at 16.Longby KholleKhokkUpdated 228
ERY exhaustive candle? ERY in the cloud. Was that an exhaustive candle on Friday? I hope so. Long ERY for a quick bounce, or I bounce. Longby SeekingDelta1
Trading Weakness in the Energy SectorOil market continues to see depressed prices with lots of debt on the books. ERY is trending.Longby rollingw4
Direxion Daly Energy Bear 3X Shares 240 BATSLook for upside potential if we break this downward white trendlineby eaglestar0
US energy sector is deeply OVERSOLDThis is a chart of the triple-leveraged SHORT energy ETF. The indicator at the bottom shows the departure of price from SMA 50 (classic OB/OS detector), and short ETFs tend to make peaks and troughs easier to follow. Barring a mini-crash similar to that of 2011, the damage should soon stop. That said, another mini-crash or even full-on bear market would not be shocking at this stage of the cycle. by one230