ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
⋅
Based on my propitiatory indicator UVXY shows signs of a up move in 2Hr time frame. I am expecting at least a 10% in relatively short time frame (2-3 days) . Also it has been forming the peak of a falling triangle since February which should break towards the upside some time very some. Last time when this same scenario happened on Jan 29th UVXY bounced from 38 to 61.
however wait for at least 4-6 hrs as it takes little push to buckle the downtrend.