NASDAQ:XIV   CREDIT SUISSE AG - VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN
7 1 0
Short volatility via XIV             . Unloaded a portion of my position near the close. Those shares were picked up in late Feb at wave ii. I'd entered an overweight position (~50% over my regular allocation) yesterday just prior to wave iv, so didn't want to hold too heavy into the weekend. Vol had been trading in corrective moves recently, and there's a chance today's rally was a b-wave of B as depicted. IF the rally completes an impulse into v of 3, then I'll take profit around mid-23s / 24 and build up another long in wave 4 support, likely low 21s again.
Stop indicated with bold red line at 20.61.
Initial target box is reached. Negative divergence on MACD suggestive of a 3rd wave top pending. Can continue to extend into higher targets. Smaller degree counts suggest the higher box is achievable, but consider taking profits along the way, and especially as key fib resistance is hit, starting with the bottom of targets...
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out