UVXY - VIX Futures ETF- rises from a falling wedge breakout LONG

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UVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing

volumes lend support for bullish momentum as does the fear that rate cuts may be postponed

the the market's bullrun may stall and correct. This chart is left clean with only trend lines

drawn in recognizing that quite a few traders only have a basic subscription on Tradingview

without the luxury of multiple indicators, alerts and so on. A rise in the VIX may be a signal to

start trimming long positions or hedging with short trades.
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Sideays price movement today.
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Price moved up with the uncertainties of the rate cut. expecting more tomorrow.
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Updated idea uploaded linked here
UVXY crosses over mean anchored VWAP  LONG
fallingwedgebreakoutfallingwedgepatternfearandgreedSupply and DemandTrend LinesTrend Line BreakUVXYVIX CBOE Volatility Indexvixx

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