VIX: CHART UPDATE #3 / VOLATILITY INCOMING??? / SUPPLY & DEMAND

QUICK UPDATE: In this VIX CHART UPDATE I included VIX'S STEADY UPTREND THAT HAD BEGUN FROM 2017 AS IT CAN BE A CRUCIAL POINT WHERE THE VIX CAN COME TO EXPERIENCE A VIOLENT INCLINE. (REFER TO ORANGE SUPPORT LINE BELOW CHART)

DESCRIPTION: In the chart above I have provided an UPDATED MACRO chart for the VIX with more reliable SUPPLY & DEMAND POCKET PLACEMENT & UPDATED TRAJECTORY.

POINTS:
1. DEVIATION of 7 POINTS in PRICE ACTION places SUPPLY & DEMAND POCKETS where most STABLE CONSOLIDATION OCCURS.
2. Current trend shows a DESCENDING CHANNEL with VIX NEARLY DOWN 50%
3. MACD'S LOWEST POINTS decides PERIODS where VOLATILITY comes to an END.
4. UPCOMING PREDICTION OF POSSIBLE NEW LOW IS FORMULATED FROM AN AVERAGE OF PERIODS MARKED BETWEEN LOWEST POINTS OF MACD THEREFORE: 91 Days + 135 Days + 109 Days = ROUGHLY 112 Days.
5. RSI signals increased VOLATILITY AFTER BREAK of 40 on RSI .

*IMPORTANT: SUPPORT at 19 has OFFICIALLY BEEN BROKEN. LOSS of 19 CAN BE A STRONG INDICATOR FOR OVERALL MARKET RALLY IN THE POSITIVE.

SCENARIO ONLY ONE: IF YOU ARE A BEAR YOU WANT TO SEE A REGAIN OF 19 SUPPORT AND FURTHER PUSH DOWNWARD FOR BULLS.

FULL CHART LINK: www.tradingview.com/chart/UUCv2fGk/

VIX