Short

VIX Failed Breakout into Bear Wedge

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VIX formed a massive bull wedge from Dec 24->Jan 19 highs, but the breakout has not been sustained, and it has struggled to maintain DTL support. It's also forming a bear wedge that could result in a massive breakdown. Target 16-17.

Note

In the 30 min since I've posted this idea, VIX once again broke DTL support, and is now breaking through the wedge.

Note

Continued to break through DTL and even 19.75'ish demand levels after hours.

Trade fermée: cible de profit atteinte

Reached target of 17'ish with plenty of room to fall still. Successful idea.

axelroark

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