iPath Series B S&P 500 VIX Short-Term Futures ETN

VXX/VIX Waves - Looking to make a move up

Note that I did the waves in reverse for the Vxx since it has an inverse relationship (3 waves up, 5 waves down). If that is true, then looks like VXX/VIX is looking to make a move in the upward direction. Could be a trash idea as I never saw someone use wave analysis like this for VXX.

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