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TVIX waiting for the final drop into the green target box
This morning I wrote that TVIX “…still needs to drop to 18.50 – 18.37…”. I keep waiting for that.
If we zoom-out to 120 min chart to see a bigger picture we will see that TVIX is about to complete wave 3 down and start a corrective wave 4 up. Because TVIX is a wild beast I will be cautiously gradually build a LONG position. They can push it through my target box to 17.60sh before it finally bottoms.
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