[UVXY] Breakout Call Last Week Confirmed: More Upside to Come?
The little yellow line microcosm analysis turned out very accurate.
As soon as it closed above the yellow uptrend it continued upward and is just being held by the purple S/R now and exactly at my TP.
From here we could see it wedge back down some but we have strong potential for an SPX pullback that will spike this thing through the roof.
Lets see if it can reach my max upside prediction (red box).
If it closes above the purple line, chances are high!
As soon as it closed above the yellow uptrend it continued upward and is just being held by the purple S/R now and exactly at my TP.
From here we could see it wedge back down some but we have strong potential for an SPX pullback that will spike this thing through the roof.
Lets see if it can reach my max upside prediction (red box).
If it closes above the purple line, chances are high!
Data analyst with a passion for best fit lines B)
Data analyst with a passion for best fit lines B)
Related publications
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.