UVXY all in potential
It’s looking like we can trust the bottom side of this falling wedge. This time around It also lines up with the indexes double top so we could see a decent charge upwards.
I already own shares, and I’m picking up more on the open today. I’m looking to take profits in a few weeks based on previous bounces/timeframes.
Could be something to hold, although I would suggest taking your profits near the 5$ range (top of the wedge) and pick up more when it chops. Could pop higher but I wouldn’t bank on that, don’t be greedy here.
I already own shares, and I’m picking up more on the open today. I’m looking to take profits in a few weeks based on previous bounces/timeframes.
Could be something to hold, although I would suggest taking your profits near the 5$ range (top of the wedge) and pick up more when it chops. Could pop higher but I wouldn’t bank on that, don’t be greedy here.
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