I have been building a line on VXR for a while now with a descent avg weighted entry using my DCA method around buying opportunities on large deviations from the mean.
We had a considerable sell off start of June which saw the beginning of bearish market structure forming on the 4h and 1d time frames.
We started to build a bear flag with an elliot wave 5 touch...
Almost perfect setup on this one, expecting breakout very soon. I am buying
MACD crossover on daily/weekly, double bottom in confluence zone. bullish divergence. Target .46 +400%