A very very clean breakout from this wedge now and no retest just yet.
We can see that the price broke above the 50 Day MA and the wedge at the same level at $17.60, so it is absolutely vital that we see a retest of this level before committing to this ETF, which is a 3 x leveraged China market ETF.
I do not believe there is any rush here and it is worth giving up some percentage in order to see this retest and confirmation of support....as this upside here is substantial.
I will monitor this closely for us.