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moneyflow_trader

Short C leg of the bullish cypher

Short
ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
moneyflow_trader Updated   
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Trend Analysis Harmonic Patterns Chart Patterns UVXY SPXS
3
0
trendanalysis harmonicpatterns chartpattern uvxy spxs
uvxy is trending down and actually rose slightly against trendline resistances. I'm shorting into the close..
there is a bullish cypher set up, however im short C leg to the D leg of the cypher pattern Target $4.75
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doing some chart work on a Saturday morning, feeling good about my puts. Bearish Divergence by the AD/Money Flow. Also appears that previous support is now resistances. From the gap up D leg of the bullish cypher/C leg of the ABCD pattern, it appears uvxy ran into a double top. It gap up over B leg, retraced and was stopped short of crossing over the .618 fib which was once support. They would have to gap this up again over $7.11. I dont see it happening w/ the bearish divergence I see in the AD/Money Flow. Held my puts
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apex forming
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short the C leg of the bullish cypher
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