All of the blue cups are the same size and as you can see, they have been very accurate in attempting to capture the potential movement of the VIX in relation to the markets.
We're seeing the markets making up some of the lost ground from yesterdays sell as expected, but if the bowl is to be respected as we have seen so 9 times in a row (last 6 being very accurate), we can see it reach levels between 25 and 31.
I would consider buying nearer the bottom of the bowl if it reaches there with a tight SL, taking profit @ 25, 28.5 and 32.
Best of luck!
Sky,
We're seeing the markets making up some of the lost ground from yesterdays sell as expected, but if the bowl is to be respected as we have seen so 9 times in a row (last 6 being very accurate), we can see it reach levels between 25 and 31.
I would consider buying nearer the bottom of the bowl if it reaches there with a tight SL, taking profit @ 25, 28.5 and 32.
Best of luck!
Sky,
Note
This is how we luck on the daily, it must blow the top of soon? - Trade closed: target reached
I guess so
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.