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TVIX Develops Converging Triangle
As you can see in the chart, TVIX continues to bounce back and forth off of the short term support and resistance. I am certainly leaning towards bearish behavior due to the short and long term resistance curve's strength. It has rejected upthrusts 4 times so far in the past month.
However, at some point the price will also begin to be challenged by the support curve as well. Up until this point I think it's safe to say you can expect the price to continue downwards.
However, at some point the price will also begin to be challenged by the support curve as well. Up until this point I think it's safe to say you can expect the price to continue downwards.
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