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ProShares Trust Ultra VIX Short Term Futures ETF
Long

UVXY: Falling Wedge and Spinning Top with Bullish Divergence

260
There is a Spinning Top Pattern inside a Falling Wedge Pattern visible on the Daily Timeframe with Bullish Divergence on the MACD and a little bit on the RSI. If this plays out, I think it could atleast come up to the 200-Day SMA which is where it has topped out after the last several rallies we've seen in the UVXY.
RizeSenpai
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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)Trend AnalysisVIX CBOE Volatility Indexvolatilityindex

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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.
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)Trend AnalysisVIX CBOE Volatility Indexvolatilityindex
RizeSenpai
Also on:

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.