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TVIX - has reached the minimum target for that wave c of iv up
TVIX has reached the minimum target. The high probability part of the move up is over. It very well may make a higher high in micro wave v of that c of iv. But this whole pullback up looks like a clean corrective structure in wave iv up. Meaning I count it as a temporary pullback. Once it tops the decline should resume. The ideal scenario for TVIX would be to close the second higher unfilled gap down in between 23.89-23.99. But again at this point it has a very much completed look. Keep your longs of volatility at a tight stop.