0A7X trade ideas
VIX & VIRTU Financial correlationNASDAQ:VIRT and CBOE:VIX moved up together during the February correction.
- VIRT benefits from higher volatility due to their high frequency trading
- Higher volatility higher stock price
- Expected to move higher during next weeks FOMC decision.
VIRT - Possible flag or breakout Momentum trade from $18.57 VIRT seems breaking out its long term resistance forming a flag formation. On the weekly frame it seems breaking out of a downward channel. It has strong insider buying, Strong Moneyflow on weekly chart and above all moving averages supporting this Long trade.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Flag formation, Breakout of Long-term resistance.
Entry Target Criteria- Break of $18.57
Exit Target Criteria- Momentum trade
Stop Loss Criteria- $16.87
(Note: Trade update is delayed here.)
