[VVIX] At Rock Bottom Wedging Against Core 6M Downtrend S/R!
With VVIX hitting rock bottom on Friday and VIX/UVXY remaining elevated 20%, there is tons of juicy upside potential. I made slight adjustment to the falling wedge here based on Friday's price action.
Today Price gravitated right back to the very strong white horizontal S/R and it's wedging more and more under the core 6M downtrend S/R (light blue).
This wedge gonna pop by mid-oct, it simply has no place left to go!
Today Price gravitated right back to the very strong white horizontal S/R and it's wedging more and more under the core 6M downtrend S/R (light blue).
This wedge gonna pop by mid-oct, it simply has no place left to go!
Data analyst with a passion for best fit lines B)
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