Update to prior idea. note the triple top Fibonacci ratio is a perfect 1.05 in both valleys. Got a shooting star up here. Rollover imminent IMO!
Short at your own risk and don't blame me if it fools us again! This is just an observation, not advice. GLTA!
Note
A real possibility for a melt-up blowoff top exists, Very chancy here now!
IMO any pullback from ATH levels will offer bulls a chance to pile in. Probably not done yet!
Trade active
Closed half position on early pullback; shorted UVXY and VIX OTM weekly calls; added to UVXY on lift, now in 1k shares and 10 calendar spreads on VIX @15.
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