I'm thinking to make a nice play on my upcoming correction belief.
Only option I have with my broker is VILX, so started looking into it's history.
Only makes big money with big crashes / corrections, and I think we have two on the way.
Data was so small for the main chart, but looking at the RSI here, some very interested volatility wave patterns.
I'm 100% certain a big correction is coming (possibly barring any stimulus that may scupper this, likelihood is it could even be the cause!) start of Q2 2021.
I want to make a Vix play on this and this is my only option with my broker so been taking a dive.
Straight away, arcs of intent everywhere, clear ebb and flow patterns. Being a fib fan, especially in waves...
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)