XIV (Inverse VIX Short-term ETN) offers an objective short entry on this break below the 60-min bearish rising wedge pattern. This is the same 60-minute rising wedge pattern posted the other day (first chart below). The sole price target will be T1 at 96.67 with a suggested stop on any move above 110.85. This trade has the potential for much larger gains so one option would be to lower or trail stops to protect profits while letting the position run beyond the first target, should it start to play out. The suggested beta-adjustment for this trade is 0.80.