NASDAQ:XIV   VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN
105 9 4
I would love a retrace to take another long on XIV             (short volatility). Price has continued higher than the 61.8% extension where I'd expected i of 3 to top. This despite S&P             trading sideways. My price targets for wave 3 may actually be too low as wave 1 stretched beyond my initial targets (note 376.4% extension reached vs 200-261.8% expected).

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nick.holland78
SPY - 1hr
nick.holland78 PRO about SPY 3 4 months ago
Closer view. NO evidence wave I has topped. In fact, wave ii *may* not go very deep at all. Break-out of MACD would be an indication that wave iii of 3 is already underway.
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MikeBobrov
4 months ago
Nice! Please keep us updated on ii targets and when i wave will be reached. Thanks.
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tradingviewfox MikeBobrov
2 months ago
Thanks a lot. Could you please update this one?
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nick.holland78 PRO tradingviewfox
2 months ago
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Could be that the heart of a 3rd is underway, but my take on the indices suggests another dip down to complete minute ii of 3. The patterns don't have to match exactly of course, but my presumption would be an expanded flat, perhaps even an running flat, on XIV. My target box was hit, just a bit later than I'd projected after this summer's chop-chop. Perhaps I'll update the indices along with XIV as new ideas soon.
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tradingviewfox nick.holland78
2 months ago
Thanks, Nick
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tradingviewfox nick.holland78
2 months ago
Do you think which one have more possibility for green one or white one?
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nick.holland78 PRO tradingviewfox
2 months ago
Gonna have to study it closer. Support/resistance will be the key. I don't have a trade on XIV right now. Day job also demanding attention. Will update later.
I did post my current 1-hr SPY on the other idea thread.
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nick.holland78 PRO tradingviewfox
2 months ago
I'm assuming this is a corrective 3-wave move up at the moment, despite the new high. If you've got a long trade on consider trailing stops, or at least managing stop below inflection points where price shouldn't return if this is, in fact, the heart of iii of 3.
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tradingviewfox nick.holland78
2 months ago
Thanks, Nick
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