Be mindful of UVXY in this triangle and what it does as it approaches either side of the triangle.
A break above may be explosive even up to the GREEN PT around $38
a rejection to the downside and out of the triangle should calm the markets and head lower. A break below the lower support level would signal bull market returning.
Good Luck.
A break above may be explosive even up to the GREEN PT around $38
a rejection to the downside and out of the triangle should calm the markets and head lower. A break below the lower support level would signal bull market returning.
Good Luck.
Note
UVXY should travel up to test upper range. evaluate for next move after target.
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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.