THE RESISTANCE IS TOO STRONG! - TVIX - CREDIT SUISSE- 30MN- IDEA
The market has been rejected several times along the bearish resistance line.
It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions.
Beware of the resistance which could be tested again.
To lookup:
-Volumes confirming that we are in a long run down.
-Pullback on the resistance blue line.Nice entry point for a short position.
Timing next week:
-Open movements and midday to close movements
Have an amazing weekend!
It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions.
Beware of the resistance which could be tested again.
To lookup:
-Volumes confirming that we are in a long run down.
-Pullback on the resistance blue line.Nice entry point for a short position.
Timing next week:
-Open movements and midday to close movements
Have an amazing weekend!