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ATMP trade ideas

Year end rally repeating?Good day folks, Pretty simple setup, VXX made a double-top. The second one was a head and shoulders that seems to be completed (see my previous chart for more info). I’m not a big fan of shorting volatility as I feel it brings bad karma lol. Being long the indexes is basically the same for those who also feel the same. I put 2 targets as we cannot know yet if the neckline of the double-top will hold or not. And it could also rebound for a few days. Target 1 at neckline or 32.00 (cash and wait); Target 2 at support or 26.00. If this pattern works out, the indexes are in for some serious gains. Have a nice weekend,
CBOE:VXXShort
by tipere445
2
Another possible Head & ShoulderGood day folks, Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX, the pain is not yet over. Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see more movement on either side. I’m a little bit late imo to trade the head drop in VXX at this time. I prefer to wait and trade the right shoulder both sides. *Keep in mind that the last H&S in VXX did not sell, so better to wait for clear movement. Thank you,
CBOE:VXX
by tipere445
FALLING WEDGE on VXXIn the chart of IPATH S&P 500 VIX SHORT TERM FUTURES TM ETN ETF , in a 1 hour time frame, after a previous bullish trend, has formed a continuation falling wedge pattern where it suits us to open a long position. It has two upper touches and three lower touches. Also, the current price has not broken the upper trendline yet, so we must wait it to happen and set a long position. The price target or take profit can be placed at $41 approximately and the stop loss can be settled at $35.
CBOE:VXXLong
by Santiagooduran