[UVXY] Is This the Next Spike Setup?

2 Mar 2021

Price Action has been erratic af since it broke out late Jan.

Lookin like a giant 3M coil.

Let's see.

3 Mar 2021

Not

Well that escalated quickly... got our green line break and came to rest exactly on the Up Megaphone bottom (now yellow for easier viewing).

Everything aligning to March 10th about right where we'll get our volatile red line X...

3 Mar 2021

Not

4 Mar 2021

Not

Pretty ironic when volatile Price Action doesn't increase volatility, guess it's a tad slow and inconsistent for UVXY, but I'm digging the coil theory here. The tip should move up pretty slowly as it's wound tightly with lots of tension... until it snaps (red line).

5 Mar 2021

Not

This is the FW to watch...

5 Mar 2021

Not

GL ALL

8 Mar 2021

Not

That FW played out nicely...

10 Mar 2021

Not

Hit our buy zone, only time can tell how this will play, should still have another spike due this month...

11 Mar 2021

Not

Ok here we go, this red fractal has been highly reactive. Last X took a couple weeks to take shape but resulted in the last $15 spike from $9 and before that we spiked from $15 to $23 on X...

17 Mar 2021

Not

Odds of this spike working out getting longer, market breadth quashed volatility on the last drop, global markets are technically extremely stable right now until the very second they are not...