In my UVXY post last week I positioned my capital (do so on your own risk). Now I want to show the why. With markets tittering on indecision and consumer market in the abyss I am showing what I see. The Diamond has formed and all that glitters is not gold.
If you want to know more about the Fibonacci Indicator that is used in this chart I have posted the code and description here.

Enjoy the ride.
Bone Funkenstein
If you want to know more about the Fibonacci Indicator that is used in this chart I have posted the code and description here.

Enjoy the ride.
Bone Funkenstein
Note
Disclamer: Use your own mind and intuition with your own hard work and hard earned dollars. Do not follow me off steep cliffsNote
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.