RE: FAZ/HNUYour numbers match up quite nicely with my charts short term. Looks like an inverse H&S pattern is setting up on $Rifin over the last few days. That means we could see a push for FAZ up to around $12.50-60 then a drop to $11.60-75 for an entry.
That would be the last gasp for the bulls though, and after that all I see is upside. Myself, I'm trading along the way at the obvious spots, but I like the big picture. $40-60 is a reasonable target.
Always have to be really careful with the stops on this one. There always seems to be one last move to clean out a lot of stops right before it reverses hard the other way. Best to leave lots of room or just don't bother with them if you are watching closely.
SC