After 5 washing cycles I think the early bears were dead or bleached white and become polar bears. I think we might have the big drops in coming days. Good time to become the new fresh bears.
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It is taking more days than I initially anticipated. My TVIX will sure be happier tomorrow. Now how low will it goes? Will re-evaluate in few days after they are done with margin calls
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TF.
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one more top... weekly no sell signal
TheDragonFly
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The bear will take rest tomorrow, RSI is pointing up in one hr chart. So take profit on your TVIX.
JohnKer
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Sir - if you are attempting Elliott Wave counting the chart above is incorrect. For one, you can't have the bottom of wave 4 close down below the top of wave 1.
TheDragonFly
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Sorry just simple L and H cycles of how many bears got washed out that is all.