[UVXY] The Sharper the Spike the Harder the Bounce?
Interesting theories... seems to work in inverse too.
Note
Pretty steep but got a small breakout...Note
That horizontal fractal held quite well but not very strong, beware incoming red line X...Green line also will be highly reactive (like we just saw) as the top of the Core Decay Channel.
Current UVXY trend as shown by faded red up megaphone and new orange fractals show we are becoming increasingly volatile above standard Decay Rate.
Note
Bigger picture, that orange Downtrend Fractal bisects the entire Core Decay Chanel of the past year and Price is wedging hard into green and red fractals...
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.
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.