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adammska

XIV could be setting up for a puke based on fractal

Short
adammska Updated   
NASDAQ:XIV   None
Chart Patterns XIV
3
2
chartpattern xiv
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.
Comment:
Be wary of a shakeout, followed by a puke
snapshot
Comment:
That was one hell of a puke in August 2015. Sadly, I didn't trade it.
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Comment:
Up to 114 to test the resistance one more time, and then crash?

snapshot
Comment:
Actually, it might not even reach 114. Adding to my short position here.
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Trade closed manually:
Closed this position; XIV broke over resistance
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Comment:
My monthly chart says XIV could run into high 120s
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