island top in (UVXY)
as long as we stay beneath 20.85 and we close below 19.57 it seems like uvxy hourly is forming an island top that we vould retrace from quite a bit.
gap close at 17.20 is a reasonable target if the right conditions present themselves.
right now 20.55 is resistive as we may not even get there, and we could form a head and shoulders that takes us much lower.
if qqe signals puts in a short entry i will take it, and ride that as long as we are making lower highs and lower lows.
gap close at 17.20 is a reasonable target if the right conditions present themselves.
right now 20.55 is resistive as we may not even get there, and we could form a head and shoulders that takes us much lower.
if qqe signals puts in a short entry i will take it, and ride that as long as we are making lower highs and lower lows.
Trade closed: target reached:
gonna close this for now and be back tommorow
