I have multiple other charts that support this view with OnbalanceVol/Accum/distribution; potential slide in oil , resistance in gold and so on and so forth. Granted, only chart can be linked!
I expect UVXY to go well past $30 in the coming 1-2 weeks. This COULD change, and this MAY NOT be the actual bottom for UVXY , and I would hedge the position in both sides, but I'll be wary to add if indeed this is the next bottom, and it's a higher high, in regards to S.D. and True average price