Short
XIV could be setting up for a puke based on fractal
XIV could be due for a quick a violent correction if the pattern repeats itself.
Basically, the idea is that once XIV get stuck between resistance and rising moving averages, there is possibility for a puke.
Basically, the idea is that once XIV get stuck between resistance and rising moving averages, there is possibility for a puke.
Note
Be wary of a shakeout, followed by a pukeNote
That was one hell of a puke in August 2015. Sadly, I didn't trade it.Note
Up to 114 to test the resistance one more time, and then crash?Note
Actually, it might not even reach 114. Adding to my short position here.Trade closed manually
Closed this position; XIV broke over resistanceNote
My monthly chart says XIV could run into high 120s
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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.