The Cycle predicted major moves including:
- Rise up from the white arrow
to the red arrow Fiscal Cliff top for UVXY.
- Fast drop for UVXY with large
gap down from the red arrow Fiscal Cliff.
- The late February spike up for
- Decline for UVXY after the February spike.
- Drop below white wedge line and spend time forming blue arrow bottom.
UVXY is nearing the
blue arrow major bottom as shown in the Cycle. The Cycle decline down from the
red to the blue arrow is mature. It is important to emphasize that this is a large
All of the major price movement requirements in the Cycle have been met already.
Look closely at the white wedge line drawn on the Mount Everest Cycle below.
Price fell below the white wedge line prior to the blue arrow bottom. Then price popped and bounced along forming the blue arrow bottom.
Price is currently testing several support lines.