under aavwap and breaking tightening range bearishly (UVXY)
Updated
just as spx is in a buy sided tightening range top, vix is in a sell sided tightening range bear.
referto the below chart for that pattern on the 1 minute
if UVXY cant break this range bull then broader markets remain a buy as long as vix puts keep piling in
if we make a lower high and continue down this is a solid confirmation of bear vix
referto the below chart for that pattern on the 1 minute
if UVXY cant break this range bull then broader markets remain a buy as long as vix puts keep piling in
if we make a lower high and continue down this is a solid confirmation of bear vix
Trade closed: target reached
rsi is crushed on the 5 min.im cutting this short loose.
we are oversold, and there are people accumulating believe it or not.
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