Long VVX Short Play
All I care about here is that green dotted resistance line. Once we can get a 30 mn candlestick to close above that line then we can setup a long trade. If the candle never closes above I don't to trade it. Heres why I think this has a chance at rallying.
1) Closed red on the year just a few days ago, first time in a long time.
2) Sentiment in market is fearful, thats why you see the VXX reatracing not selling off.
3) Continuation Flag pattern here
4) Fading Volume in the downtrend (weakness + trend reversal clue)
5) A lot of support at 20.50
Keep a tight stop below whatever market structure is created tommorow. But once again, we don't want to go long unless we close above/ violate that green dotted resistance line.
1) Closed red on the year just a few days ago, first time in a long time.
2) Sentiment in market is fearful, thats why you see the VXX reatracing not selling off.
3) Continuation Flag pattern here
4) Fading Volume in the downtrend (weakness + trend reversal clue)
5) A lot of support at 20.50
Keep a tight stop below whatever market structure is created tommorow. But once again, we don't want to go long unless we close above/ violate that green dotted resistance line.
Nota
Typo in the title. I meant VXX not VVXDagangan ditutup: sasaran tercapai
if you went long, chances are youre swimming in money right now.
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.