ERX Chart Request

ERX is a 3x leveraged Bullish ETF on Energy.

 ERX performs similar to USO, except it is 3x leveraged, as you know, back in July I was expecting USO to pullback after failing to make good on a breakout, I also expected there to be accumulation at some point and a buy signal, so ERX is very much like USO in that sense. This is the daily chart.

 The 30 min 3C chart called the top in ERX and s now showing a positive leading divergence on an important timeframe.

 The 15 min chart confirms the 30 min chart, having made the two exact same calls, with just a little more detail. So ERX looks bullish and as if it is basing similar to the broad market.

 Here you can see ERX forming a base. RSI has been positive throughout.

Short term, the 5 min eC chart suggests either a pullback or consolidation, it may make for a good entry point on a pullback.