As we expected yesterday, TVIX dropped hard losing over 6% overnight.
But now we have a clean a-b-c move down off the top made yesterday
And that could be wave -iv-down before another push higher.
If you go back in time to Dec 4, 2019 you will find an unfilled gap down located in between 73.78 and 76.55
At the same time C = 176.4% of A up = 75.29
That could be a target for another push higher in wave ( v ) up in TVIX.
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