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UVXY Greed Fear Volatility 20% in 24 hours
ProShares Trust Ultra VIX Short Term Futures ETF
Long
UVXY Greed Fear Volatility 20% in 24 hours
By AwesomeAvani
Follow
Follow
Jul 7, 2023
3
Cheer
Cheer
Jul 7, 2023
UVXY trades inverse to the general market direction in a leveraged manner. An example
of this is shown on the current chart 15 minutes time frame of the price action this week.
I have added two indicators the buy low sell high composite and price volume trend to
support entries and exits which are typically done on lower time frame charts. On the chart,
if a long trade was taken when the BLSH indicator went from red to green on Wednesday
afternoon and was held for about 22 hours until price peaked coincident with both the BLSH
indicator and the PVT both peaking, the trade would have closed with 20% realized profit.
Overall, I will watch UVXY as a means to trade any further downturn in the general market.
Moving Averages
Oscillators
UVXY
VIX CBOE Volatility Index
vixx
Volume
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