UVXY - VIX Futures ETF- rises from a falling wedge breakout LONG
UVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing
volumes lend support for bullish momentum as does the fear that rate cuts may be postponed
the the market's bullrun may stall and correct. This chart is left clean with only trend lines
drawn in recognizing that quite a few traders only have a basic subscription on Tradingview
without the luxury of multiple indicators, alerts and so on. A rise in the VIX may be a signal to
start trimming long positions or hedging with short trades.
volumes lend support for bullish momentum as does the fear that rate cuts may be postponed
the the market's bullrun may stall and correct. This chart is left clean with only trend lines
drawn in recognizing that quite a few traders only have a basic subscription on Tradingview
without the luxury of multiple indicators, alerts and so on. A rise in the VIX may be a signal to
start trimming long positions or hedging with short trades.
Note
Sideays price movement today.Note
Price moved up with the uncertainties of the rate cut. expecting more tomorrow.Note
Updated idea uploaded linked here 
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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.