[UVXY] Nostradamus Sht... Better Hope You Weren't Sleepin on Me!
Updated
Just as predicted Price skyrocketed after breaking through the core purple S/R. Getting through that line was always gonna take a nice pullback. Without a pullback we woulda stayed under and ground back down.
![[UVXY] Microcosm Analysis: Continue Up or Retrace?](https://s3.tradingview.com/e/ed58PyGj_mid.png)
The is my first real time spike analysis so really refining things still but my data is indicating we still have some upside here although we've probably covered 80% of this spike already. That local yellow S/R convergence with the green downtrend S/R will likely be the max upside here. Maybe we get up to that next white line but seems unlikely, breaking above it even more unlikely.
Overall given the higher liquidity environment and nature of patterns I still expect this to be the lowest HH of the next three volatility spikes...
![[VVIX] EMA Model... Narrow BB Could Spell DOOM for Market!](https://s3.tradingview.com/v/v5SWkji9_mid.png)
So I'm not expecting too much more upside here and am already taking more profits and probably lookin to exit mostly tomorrow, maybe save a bit for next week in case something wild happens but we will definitely see some substantial retrace next week so don't get greedy!
Also my volatility divergence idea last night nailed this pullback.
The is my first real time spike analysis so really refining things still but my data is indicating we still have some upside here although we've probably covered 80% of this spike already. That local yellow S/R convergence with the green downtrend S/R will likely be the max upside here. Maybe we get up to that next white line but seems unlikely, breaking above it even more unlikely.
Overall given the higher liquidity environment and nature of patterns I still expect this to be the lowest HH of the next three volatility spikes...
So I'm not expecting too much more upside here and am already taking more profits and probably lookin to exit mostly tomorrow, maybe save a bit for next week in case something wild happens but we will definitely see some substantial retrace next week so don't get greedy!
Also my volatility divergence idea last night nailed this pullback.
Note
Peaked within the red box!
Data analyst with a passion for best fit lines B)
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