Sorry, that was meant to be a "LONG" vol position...not SHORT.
Constructive development this morning for those long volatility. I'm anticipating a series of corrective moves into the wave (iv) target region as shown. Remember, placement of the labels is not meant to indicate a prediction on exact timing. These are price regions...
Fib extensions and positive divergences on MACD helped identify the potential here. Use stops, preserve capital and protect gains, depending on your timeframe...
Constructive development this morning for those long volatility. I'm anticipating a series of corrective moves into the wave (iv) target region as shown. Remember, placement of the labels is not meant to indicate a prediction on exact timing. These are price regions...
Fib extensions and positive divergences on MACD helped identify the potential here. Use stops, preserve capital and protect gains, depending on your timeframe...
