[UVXY] Well That Was a Fun Ride... Where to NEXT?
Updated
Another spike prediction in the bag and we learned FWs are helpful structures for predicting UVXY and that steepness seems to be an important signal.
OG Idea:
![[UVXY] Barely Budged on EOD Selloff](https://s3.tradingview.com/b/bVMIJHha_mid.png)
We should still see another HH soon but may take a few weeks to hit... let's see!
OG Idea:
We should still see another HH soon but may take a few weeks to hit... let's see!
Note
Two false breakouts today...Note
Lots of dip buyers under 10, psychological level?SPX keeps going up but my UVXY stays the same!
AKA Volatility Charging
Note
New FW on the 15M, more steep than the large wedge ending around $10 before last breakout but less steep than all the FWs on the spike up.Got a slight breakout here but maybe still need a better or bigger FW before a more serious breakout...
Note
Yep...Note
Another smaller one, similar steepness...Note
Note
Very interesting, another FW...Feels like we're chiseling into UVXY bedrock rock now haha.
Note
What a swing dip today!Note
Another chisel...Note
Nice little gap up, it's following the exact same pattern the last FW just a little more squished together....Note
Look at that FW breakout!Note
Nice small spike there and crazy rapid decay, damn! Still chiseling into this foundation...
Data analyst with a passion for best fit lines B)
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