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RizeSenpai

UVXY: Falling Wedge and Spinning Top with Bullish Divergence

Long
ProShares Trust Ultra VIX Short Term Futures ETF (BATS:UVXY)  
RizeSenpai  
BATS:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Technical Indicators Chart Patterns Trend Analysis VIX CBOE Volatility Index SPX (S&P 500 Index) volatilityindex
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indicator chartpattern trendanalysis vix spx volatilityindex
There is a Spinning Top Pattern inside a Falling Wedge Pattern visible on the Daily Timeframe with Bullish Divergence on the MACD and a little bit on the RSI. If this plays out, I think it could atleast come up to the 200-Day SMA which is where it has topped out after the last several rallies we've seen in the UVXY.
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