UVXY buy opportunity Long

ProShares Trust Ultra VIX Short Term Futures ETFArca

Description

⋅ Sep 4, 2020 8:12 PM

With volatility increasing steadily, todays uncertainty towards direction provides a good entry point for further upside on the VIX

Trend Analysis Chart Patterns

Comments

ProfitHarvest

⋅ Sep 14, 2020 6:45 AM

Nice microanalysis, I got play around more at that scope. Lovin the 2H right now...

MysteriousPersian

⋅ Sep 14, 2020 2:50 PM

@ProfitHarvest, Eh it was kind of trash, didnt hold that trend for very long. The current bottom is looking more or less solid, well see how this week pans out

Larry7343629

⋅ Sep 7, 2020 11:45 PM

Makes sense. We see all the bearish sentiment after the rally this past week but the markets aren't finished dropping most likely so why would UVXY drop?..

MysteriousPersian

⋅ Sep 8, 2020 1:08 AM

@Larry7343629, this idea is about UVXY going up?

Larry7343629

⋅ Sep 8, 2020 2:20 PM

@MysteriousPersian, I know. Everyone else is bearish.

MysteriousPersian

⋅ Sep 8, 2020 2:22 PM

@Larry7343629, on UVXY?? or on the indexes. Bearishness on UVXY would cement my position even further

JGM0706

⋅ Sep 4, 2020 9:31 PM

Thanks for the idea! I think it could do a little double hump before going back to $18. I couldnt post the picture here of what I mean, check your PM!