UVXY LONG Entry at 1.618, 1.27, end of ABC = 3 reasons to enter
I'm not giving trading advice or recommending anyone take this trade, just posting my idea and what I plan to do. Good luck everyone!
The chart tells me we are looking for volatility to pick up with:
A) Quarter 2 results coming out mid-July with expected poor results.
B) Stimulus checks likely to be issued pointing to need.
C) Going into election uncertainty
D) COVID numbers possibly causing additional concerns/uncertainty.
E) Questions of how markets can be at, or near, all-time highs with sectors hard hit.
F) etc.
G) AND most importantly: The chart reads this!
TVIX is being delisted July 12th so I would avoid TVIX and consider UVXY
* Note the possible 3 drive (in black) reacting today
The chart tells me we are looking for volatility to pick up with:
A) Quarter 2 results coming out mid-July with expected poor results.
B) Stimulus checks likely to be issued pointing to need.
C) Going into election uncertainty
D) COVID numbers possibly causing additional concerns/uncertainty.
E) Questions of how markets can be at, or near, all-time highs with sectors hard hit.
F) etc.
G) AND most importantly: The chart reads this!
TVIX is being delisted July 12th so I would avoid TVIX and consider UVXY
* Note the possible 3 drive (in black) reacting today
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.