Wednesday, April 18, 2018 9:25:01 PM
What I've learned from TVIX on the 5 minute chart when looking for a bounce. Not much in the way of profit, need to go in big to make it worth it. But I do like the set up that this offers.
1. Oversold RSI
2. Divergence
3. Buy trigger is .02 above first 5 minute candle at open bell
4. Sell the first trend line resistance/gap window etc.
Another set up is the .786 dip since we just had a nice impulsive move up across the 50 and 150 MA
This past week at the opening bell, looking for a break above the 5 minute candle
1. Oversold RSI
2. Divergence
3. Buy trigger is .02 above first 5 minute candle at open bell
4. Sell the first trend line resistance/gap window etc.
Another set up is the .786 dip since we just had a nice impulsive move up across the 50 and 150 MA
This past week at the opening bell, looking for a break above the 5 minute candle
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