[UVXY] If It's Gonna POP... This is Where it Will Happen!
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Beautiful falling wedge Price Action has contained itself within here, still four more days to get our breakout.
Price is wedging hard against top of downchannel and bottom of Value Channel + white long term S/R and the core S/R (magenta) is the broader wedge here. If we don't get it here it'd be closer to the election when that wedge gets too tight. That'll cause a large spike, very powerful S/R wedging.
Price is wedging hard against top of downchannel and bottom of Value Channel + white long term S/R and the core S/R (magenta) is the broader wedge here. If we don't get it here it'd be closer to the election when that wedge gets too tight. That'll cause a large spike, very powerful S/R wedging.
Nota
Falling wedge retest seems to have exploded it back up, it should hold and grow from here but maybe one final dip.
Data analyst with a passion for best fit lines B)
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