Major Reversal Ahead for UVXY?

115
We’ve identified a Head & Shoulders pattern, aligning with our Elliott Wave count showing a completed 5-wave move up ✅

This strongly suggests we’re due for an ABC correction to the downside 🔻

🟡 Yellow boxes mark our high-probability targets.

This bearish view is also supported by our broader outlook:
A bullish move is expected in the U.S. market, which naturally points to UVXY moving lower.

Everything lines up — let’s see how it unfolds 👀

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.