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XIV – Pullback Due – Short Term Targets

Saturday, March 18, 2017 9:05
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(Before It's News)

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.

Daily Chart

B4INREMOTE-aHR0cHM6Ly80LmJwLmJsb2dzcG90LmNvbS8tTmZzc3NFS2l5dU0vV00xUjhtdXRkNUkvQUFBQUFBQUFDamMvWHcySzRWTnkzd29KUm4yQWFHTTZTS0puWUdnWmkyc0N3Q0xjQi9zNDAwL1hJVmRhaWx5TWFyY2gxODIwMTcucG5n


Source: http://cyclicalmarketanalysis.blogspot.com/2017/03/xiv-pullback-due-short-term-targets.html

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