VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Sendme]

Interesting read, I will admit some of it was confusing to me, still got a lot to learn. (and how to spell, form should be from on the retrace from the A/D leg)

I went back over this whole variation of the gartley pattern thing again and watched Steven Hart's fib levels he uses and also this cheat sheat
http://www.forexabode.com/forex-school/technical-indicators/harmonic-price-patterns/the-gartley-pattern/

Looking at TVIX again I determined that the fib retrace of .382 was a crab pattern which has a final D point at 161.8 extension from the X/A leg. Very interesting outcome and target for profit.


So where does that leave us now? The deeper retrace at point B sets up a possible Butterfly pattern, and the final D point is similar to the crab pattern with a 1.618 extension from the X/A leg and also has a fib .382 retrace of the A/D leg for a profit target. Which also lines up with the last structure support/resistance at 19.38