JohnKeverich
Short

XIV could be setting up for a puke based on fractal

NASDAQ:XIV   CREDIT SUISSE AG - VELOCITYSHARES DAILY INVERSE VIX SHORT TERM ETN
58 2 3
XIV             could be due for a quick a violent correction if the pattern repeats itself.
Basically, the idea is that once XIV             get stuck between resistance and rising moving averages, there is possibility for a puke.
Kommentar: Be wary of a shakeout, followed by a puke
Kommentar: That was one hell of a puke in August 2015. Sadly, I didn't trade it.
Kommentar: Up to 114 to test the resistance one more time, and then crash?

Kommentar: Actually, it might not even reach 114. Adding to my short position here.
Trade wurde manuell geschlossen: Closed this position; XIV broke over resistance
Kommentar: My monthly chart says XIV could run into high 120s
Hi! I'm a beginner trying to learn some technical skills here :) What do you mean by "stuck between resistance and rising moving average"? Does this happen when the lows of the price touches the moving averages? Thank you!
Antworten
JohnKeverich jwjwwjwww
@jwjwwjwww,

The price touches the resistance, gets rejected at the resistance, drops until it touches moving average, finds support at the moving average, then rises to touch resistance again, gets rejected again etc.

Basically, it means the asset is trading in an increasingly narrow range, until eventually some kind of resolution happens.

Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden