On the 4 hr chart you can clearly see we bottomed around 12.
Divergence clearly bottomed.
Stoch RSI bottomed and has made the turn up.
We're at the bottom of a descending channel with a clear volume resistance at 19.9
My Move:
Entry: 14.00 (or less depending on the 5 minute chart tomorrow)
Stop loss at: 12.73
Sell 1/3: 16.68 (change Stop loss to 4% trailing stop at this point)
Sell 1/3: 19.9 (change trailing stop to 2% at this point)
Target: 21.57 (top of channel)
Profit: 52.2% averaged
Risk/Reward: 1:5.73
As always, I don't ever recommend anyone trade UVXY unless you're ok losing a LOT of money.
Divergence clearly bottomed.
Stoch RSI bottomed and has made the turn up.
We're at the bottom of a descending channel with a clear volume resistance at 19.9
My Move:
Entry: 14.00 (or less depending on the 5 minute chart tomorrow)
Stop loss at: 12.73
Sell 1/3: 16.68 (change Stop loss to 4% trailing stop at this point)
Sell 1/3: 19.9 (change trailing stop to 2% at this point)
Target: 21.57 (top of channel)
Profit: 52.2% averaged
Risk/Reward: 1:5.73
As always, I don't ever recommend anyone trade UVXY unless you're ok losing a LOT of money.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.