VIX could have a turning point soon
Vix is bouncing in what looks to be a bullish pennant.
I think VIX is going to test the previous high at 34.85-35ish In theory this should create a double top.
Pennants can easily be bullish or bearish though depending on market sentiment and momentum really so there is a chance it breaks to the down side.
If the pennant turns out to be bearish there's a possibility it follows a harmonic pattern and then breaks out and goes back to around 37
I think VIX is going to test the previous high at 34.85-35ish In theory this should create a double top.
Pennants can easily be bullish or bearish though depending on market sentiment and momentum really so there is a chance it breaks to the down side.
If the pennant turns out to be bearish there's a possibility it follows a harmonic pattern and then breaks out and goes back to around 37
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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.