Idea for UVXY:
- We are in the WINDOW OF WEAKNESS (OpEx, FOMC).
- Now we have made a Right Shoulder and DCH on Indices, the nature of today's rally appeared too quick and corrective in nature against the dominant cycle:
- Price first appeared to have easily broken back into the wedge, yet fell back out in the end of the day, indicative of a possible TRAP before QUAD WITCHING.
- Price offers a QUALITY psychological stop, should it easily rise over 4500 (in which case it should rise to the top of the wedge).
VIX trendline with the wick below:
- We give it another try:
Long UVXY 25C Oct 15
GLHF
- DPT
- We are in the WINDOW OF WEAKNESS (OpEx, FOMC).
- Now we have made a Right Shoulder and DCH on Indices, the nature of today's rally appeared too quick and corrective in nature against the dominant cycle:
- Price first appeared to have easily broken back into the wedge, yet fell back out in the end of the day, indicative of a possible TRAP before QUAD WITCHING.
- Price offers a QUALITY psychological stop, should it easily rise over 4500 (in which case it should rise to the top of the wedge).
VIX trendline with the wick below:
- We give it another try:
Long UVXY 25C Oct 15
GLHF
- DPT
Trade closed manually
Out for 3.15 credit (gain) reassess EOD after OpExNote
back in Oct 15Note
Oct 15 30C 2.57 debitNote
Closed for 3.60 credit (+40%), reasessingNote
Entered back, this is looking to popNote
Just kidding closed, waiting to reload
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.