I'm seeing a potential trade develop on the
UVXY 5 min chart which reminds of a
similar trade Steve showed on Jan 14th.
There is a slight divergence on the RSI 14 on today's falling
channel and a lot of divergence on the MACD below. UVXY formed a
higher low just before the close. I didn't see it until past the
close today. Might be interesting for tomorrow. I will be watching
if it comes out of the channel and somekind of a backtest before
entering. A cross of the 9 over the 20 would definitely be a
trigger.
Anyone could add the trendlines on the chart. I think this one
has potential...
Thanks !
Atlantis
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UVXY trade potential ?
Posted by atlantis on 8th of Apr 2013 at 10:32 pm
Hi Steve, Matt,
I'm seeing a potential trade develop on the UVXY 5 min chart which reminds of a similar trade Steve showed on Jan 14th.
There is a slight divergence on the RSI 14 on today's falling channel and a lot of divergence on the MACD below. UVXY formed a higher low just before the close. I didn't see it until past the close today. Might be interesting for tomorrow. I will be watching if it comes out of the channel and somekind of a backtest before entering. A cross of the 9 over the 20 would definitely be a trigger.
Anyone could add the trendlines on the chart. I think this one has potential...
Thanks !
Atlantis