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Ironman8848
23 avr. 2021 04:26

VIX - GLOBAL PICTURE M1/W1/D1 - SOMETHING IS COOKING ! Long

CBOE Volatility IndexCBOE

Description

M1 : Still above the long term support trend line (to be confirmed
at month end closing !)
W1 : Within an ongoing downtrend channel, in a downtrend (red line) and below the clouds.
Still below all important indicators such as Mid Bollinger Band, Tenkan-Sen and Kijun-Sen.
Nevertheless, this week price action is showing, for the fist time since several weeks, first sign
of a potential recovery (white candle in progress !)

D1 : In a broad falling wedge pattern, below the clouds and an ongoing trend reversal progress.
Currently above Tenkan-Sen and the Mid Bollinger Band.
A breakout confirmation of the Kijun-Sen on a daily closing would add further support for this expected
recovery calling for an upside wedge breakout ahead of D1 clouds resistance area ranging, currently from
24.55 to 28.25


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