VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Sendme]

Thank you for the updates. Just going by some basics about patterns it is interesting to see that over the last 10 years there were two cup and handle patterns on the weekly chart. And using the basic theory that the price will generally advance about the same size as the deepest part of the cup formation once it breaks to the upside, at this point it has reached both targets.

So I wonder if we are at the point of forming another cup pattern to give us another measurable target? Because it looks like all measurable targets have been reached.

Would be nice to see if anyone has any thoughts on the topic of measurable targets.

I also find it interesting how the top and bottoms of the swing highs and lows often set up future trend line supports and resistances.