An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50.
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The Major Pivot Stack that was in place last week has turned into an Almost Super Pivot Stack.
With the expected price breakout now underway, look to get long on a limit order, preferably around 13.53.
If the market opens relatively unchanged you could enter at market on open.
Once in the market, place the stop loss at 9.62 at the bottom of the Stack and a...
