Bring back technical analysis . Too often I've been seeing people just posting a picture of the price action and then an arrow going up or down with the title "Long UVXY" or some garbage like that. Nobody gives two farts about whether or not you entered a position. Show me some fibonacci. Show me some technical divergences. Show me some diamond bottoms. Show me something. I don't care if we're on the same side of the trade, or on opposite sides, but at least justify your position?
If you don't have anything to add to the conversation, don't detract from everyone else's by humming.
#BringBackTechnicalAnalysis
Chart self explanatory: No consolidation on $XIV on the way up which means few support zones on the way down. Two very similar patterns, the first of which was followed by an enormous drop. I think 61.8% Fib will be the target buy area.
Conclusion: (On XIV not VIX)
Short term - Bear
Medium term - Neutral
Long term - Bull
If you don't have anything to add to the conversation, don't detract from everyone else's by humming.
#BringBackTechnicalAnalysis
Chart self explanatory: No consolidation on $XIV on the way up which means few support zones on the way down. Two very similar patterns, the first of which was followed by an enormous drop. I think 61.8% Fib will be the target buy area.
Conclusion: (On XIV not VIX)
Short term - Bear
Medium term - Neutral
Long term - Bull