XIV has fallen out of the white channel, and is now trading in the orange channel with a more reasonable slope. XIV is nearing the orange channel support.
There should be a bounce and lower low.
March 18, 2017 analysis:
XIV has reached it's short term target, and a pullback is due. XIV has been trading in the white channel, but the slope is too steep, and appears unsustainable.
A pullback to the orange channel with a more gradual slope is likely to occur next.