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TVIX - we have got an expected wave b down
We have got wave b down, as predicted yesterday.
Please note that this b down is structured as an expanded flat structure where a corrective subwave b up managed to make a higher high over the top of wave a up.
From here we may get another rally in TVIX targeting 25-25.80 in wave c up. That would complete a corrective wave ( b ) up and set a stage for another strong decline in TVIX in wave ( c ) down targeting new All Time Low.
TVIX - 120 min chart updated at 9:05 AM on 5/24/2019
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