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. ** If you like our free content follow our profile...
NASDAQ:TVIX VelocityShares Daily 2x VIX Short-Term ETN (TVIX) --- Buy Limit 1 - $25.02 Take Profit - $25.63 Stop Loss - $24.27 ------ Take Profit = +2.44% Stop Loss = -3.00%
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...
This is a bearish posture on crude oil, by going long on the 3x inverse crude oil symbol DWTI. The chart is making higher highs and higher lows on an uptrend lately. The MACD recently climbed above an intermediate resistance and is on its way to make all time highs. Likewise, the chart is approaching a previous high at 175.63, and looks like it should break out...