In 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.
The price target or take profit can be placed at $41 approximately and the stop loss can be settled at $35.