And here is TBF which is a single ETF (or ETN) that has less volatility being a single ETF compared to TBT being a double. Double ETFs do have a downside bias to them and can erode price especially when tracking sideways. Both these are erratic and hard to chart so perhaps the single one would be a safer one to trade. And the TBF is 1/2 the price so is relative. The pattern is also one of a base building channel. The TBT is a poor Ascending Triangle and more likely just a base building channel as well. Not that it matters. Bottom line is clearing above resistance to confirm a trend change is necessary. In this case clearing 30 1st of all but far more importantly is clearing $31 much like Silver with both having the same price resistance point,lol. I wouldn't chase this either as the choppy nature of both could easily stop you out unless you had very wide stops. After price clears above resistance the stops wouldn't be so critical as the trend would no longer be "choppy sideways" but then would be 'up'. Those are my observations in any case.........................