On a daily, looking at that larger wedge, the measured move back
to June highs measures to roughly the 1.68. That is pretty
pessimistic, but possible I suppose:
https://www.tradingview.com/x/LX8b1qyd/
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Matt / Steve can you
Posted by arun on 27th of Aug 2020 at 01:06 pm
Matt / Steve can you post some measured moves for VIX QQQ SPY if you don’t mind. Thx
VIX popped out of a
Posted by steve on 27th of Aug 2020 at 01:38 pm
VIX popped out of a wedge (exceeded symmetry)...look for re-entry point. QQQ no pattern - you could draw a parallel channel.
https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=7&dy=0&id=p81211524820&a=148830446&r=1598549637846&cmd=print
Thx Steve
Posted by arun on 27th of Aug 2020 at 02:39 pm
Thx Steve
One man's view: on the 60m
Posted by Orangeman on 27th of Aug 2020 at 01:23 pm
One man's view:
on the 60m chart we retraced to the .236 fib of the recent rally: https://www.tradingview.com/x/Pekx4XSZ/
On a daily, looking at that larger wedge, the measured move back to June highs measures to roughly the 1.68. That is pretty pessimistic, but possible I suppose: https://www.tradingview.com/x/LX8b1qyd/