TVIX for a tiny ride down until XIV hits $29.87, then Long XIV until $33.55- 33.82 Risk reward ratio= 4.2 ***Reasoning behind going long XIV: Some of the past drops have been approximately -28% before returning upwards also the 61.8% fib retracement level for the previous bull rally is around the $29.20 area using Vdubus's Vdub FX Sniper VX3 strategy to help indicate buy and sell levels (i don't do automated, just using the strategies for confirmation) Havent gotten a buy signal yet, but will start this position with a stop and wait for a confirming buy signal (or lack of one)
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Please comment if you have anything to add, agree, disagree, etc :) Thanks
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sansarus
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Hi Mark, XIV already hit 33.80 AH today... what's the next resistance level? Thx.