Chart posted approx 10:42 am ET. I have been in this one since the last pump to 9.15.. and it immediately sold off. Holding because there are some significant signs of a BIG swing back up. Given the recent variant and delta cases going up helps support this. However what tells me there may be some upside potential is the Harmonics. VXRT doesn't seem to be giving up the ghost. We are consolidating on what appears to be extreme bull support of a 786 on the crab pattern (blue)- ranging as well. Keep in mind we have already moved back up on the bearish shark (yellow) without failing- this is added energy to go upside. Both of these are fueld off a bullish crab pattern as well. This is hella bullish for me. This is yet another embedded harmonic pattern - the macro pattern is bearish butterfly. You see these when the markets are unsure of themselves. VXRT is gaining some ground today. When this moves it will move quickly. Target here 12.23-12.50 on low side, and 16.40 extreme side. Lets go SET STOPS if you need em.
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Expect a possible.. possible move back downside- 1 more may be in the works before the rise.. but the bullish momentum is still in tact. A downside to 7.50 would actually be healthy..but not required.Note
Lowest target is 9.71 on the smallest micro pattern.Note
VXRT battling the 8.70- resistance point... set to go back and retest it.. we need to get through that mark... I feel we will today.Note
Just broke thru major resistance LETS GO!Note
early celebration- the 8.70 rejection just couldnt be broke :( .. if we go lower we could just be stuck in a range. Post Market could rally though. My buy was low.. so I continue to hold..
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VXRT appears to be ranging still- but maintains its bullish momentum - it has revealed 8.70 is the breakout price.Note
Just got an engulfing candle off the morning closing candle.. this is a positive sign of continued upward price action..Note
Looking good on breakout this am...Note
VXRT retesting the former resistance point- which is now support 8.90 - I would expect prices to rebound from here in long term.Note
Its been awhile but we back on the upside !!!
Moorsc0de aka Crypt0nomics aka Zaphkiel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Moorsc0de aka Crypt0nomics aka Zaphkiel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.