Madrid
Long

VIX Bulls are gaining traction here.

AMEX:UVXY   PROSHARES TRUST ULTRA VIX SHORT TERM FUTURES ETF
177 4 3
It looks like the long slide in the volatility market has found a double bottom . The price entered into a consolidation triangle, the average volume has increased, there is a positive momentum divergence after the double bottom and the control is shifting to the VIX             Bulls.
If the consolidation is broken to the upside the market will enter into panic and will push the UVXY             levels to an initial target of 42, then 45 and 49.
The S/R and target levels are based on the Fib retracements
Madrid

That Mslide indicator looks very interesting.
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Madrid morganj71
Thank you. It shows the Support/Resistance, reversals, trends and patterns at a glance.
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For the not so astute, would it be possible for you to give a quick tutorial on how you use this chart to find Support/Resistance, trends, patterns, etc.? Thanks.
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Madrid Algyros
Sure, let me work on a page where this can be shown.
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