"Yesterday, I identified a falling wedge pattern on the VIX 30-minute chart, signaling a potential bullish breakout. The price respected the key support levels at $12.72 and $12.34, forming a strong base for the move upwards. The breakout occurred as expected, with the price surging to $13.85, hitting my target zone.
Key Analysis:
Pattern: Falling Wedge (Bullish Reversal)
Support Levels: $12.72 and $12.34
Breakout Level: $13.22
Target Achieved: $13.85
This move was supported by increasing momentum as the price exited the wedge, confirming the breakout. A textbook example of pattern recognition and technical analysis in action!
#VIX #Trading #Breakout #TechnicalAnalysis #Bullish #Stocks #Investing #MarketVolatility
Key Analysis:
Pattern: Falling Wedge (Bullish Reversal)
Support Levels: $12.72 and $12.34
Breakout Level: $13.22
Target Achieved: $13.85
This move was supported by increasing momentum as the price exited the wedge, confirming the breakout. A textbook example of pattern recognition and technical analysis in action!
#VIX #Trading #Breakout #TechnicalAnalysis #Bullish #Stocks #Investing #MarketVolatility
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.