Price was rejected by Fib 0.236. There is Fib support near 204, then dual Fib and Pivot S1 support near 185.
Price was rejected by Pivot P and then broke through Pivot S1. There is interesting Fib support at 8050, then Pivot S2 support near 7870.
I recently bought at Fibonacci 0.382 and VWAP since inception (blue step line). Hoping to add more. Stop slightly below Pivot P at the moment.
Clearly rejected by Pivot R1, but closed just above black trend line and has support at Pivot P and Fibonacci 0.5. I want to buy it closer to support.
Compelling if this cluster of support holds
Weekly chart looks UGLY, but has major support now not far away: (1) Rejected by 10,558 resistance (2) Broke VWAP since inception - blue step line (3) Broke upper diagonal trend line (4) Probable that price will, at a minimum, retest Yearly Pivot P - orange line, which aligns with Fibonacci 0.236
Considering buy down to Pivot P with stop 2% under P. Sell 2% under Pivot R1.
I've been on the sideline for several days waiting for the following simple setup: Price now near YTD VWAP and Pivot P for month of Feb. Cost = 8660 with tight stop a bit below Pivot P, as the weekly chart still looks ugly.
Ranging between Pivots P and R1; below week-to-date VWAP, which is still stepping down. Look to scalp long if it overcomes P and VWAP.
This is triple leveraged inverse Russell 2000 ETF. It is flawed due to negative compounding in downtrends.
Opened new long at 9,720 after today's Pivot P and week-to-date VWAP were overcome, with stop a bit below Pivot P, as I am still concerned about breakout failure on weekly chart...
VWAP has rejected twice. Pivot R2 has supported once. Overall, intraday trend is down. Will update if/when reversal occurs. SEE MY PREVIOUS POST FOR LONGER-TERM SITUATION.
Interesting situation here. See notes and price levels on chart...
Pivot R1 has been a key resistance level on way up (2/3/20) and support level on way back down (2/16/20, today). For those who are unfamiliar with pivot points, the lines are based on standard calculations without subjectivity - let's see if Pivot R1 continues to serve as most recent support. Also, Connors RSI is at oversold level today...
Currently at Month-To-Date VWAP, and YTD VWAP is quite a way below. Fib and dominant trend are drawn. February pivots are shown.
Long again as of today at 9,840 with stop at pivot P. Lower buy areas are illustrated.
Price was rejected by upper pivot R1 on Thursday but just found support today at pivot P and monthly VWAP. I have opened new long position at 9,840 with stop at P.
Does anyone know exactly how the value of this symbol is calculated?