One swallow doesn't make a summer...
Nor does one spike mean an immediate reversal in a trend. But it means beginning of something!
- For example on the weekly chart last friday volatility spike means Heikin-Ashi candle body shrink = further loss of bearish momentum
- Daily builds bullish divergences further.
- Price tested Kijun once. Kijun is lower: 17,275 is the key level to watch. A break and close above Kijun can accelerate buying (volatility spike) upto 20+
- ATR is still very low
I doubt we'l see a lower low. I think next test of daily Kijun will be succesful, and we'll see VXX going higher.
I still hold my 0,5 unit long.
- For example on the weekly chart last friday volatility spike means Heikin-Ashi candle body shrink = further loss of bearish momentum
- Daily builds bullish divergences further.
- Price tested Kijun once. Kijun is lower: 17,275 is the key level to watch. A break and close above Kijun can accelerate buying (volatility spike) upto 20+
- ATR is still very low
I doubt we'l see a lower low. I think next test of daily Kijun will be succesful, and we'll see VXX going higher.
I still hold my 0,5 unit long.
