[UVXY] Down Channel Breakout Confirmed: Let's Pick Some TPs!
If you were following along, you had plenty of time to loadup in my green box.
Now the spike is in motion and we need to shift from scaling in strategy to our scaling out strategy.
The top two TPs laid out from the last spike are still valid, $27.50 and $30. I'll probably start my scaling out at $30.
Beyond that, white at $33, green around $35 are both great and if it gets to the top of my red box in $37-$40 range I'll dump it all.
Good luck, lets see how this shapes up tomorrow! Looking massively bullish so far with that flat-top green boner today.
Now the spike is in motion and we need to shift from scaling in strategy to our scaling out strategy.
The top two TPs laid out from the last spike are still valid, $27.50 and $30. I'll probably start my scaling out at $30.
Beyond that, white at $33, green around $35 are both great and if it gets to the top of my red box in $37-$40 range I'll dump it all.
Good luck, lets see how this shapes up tomorrow! Looking massively bullish so far with that flat-top green boner today.
Data analyst with a passion for best fit lines B)
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