Possible Weekly Trend Of VIX 🦋 Butterfly 🦋

Updated

the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.

in beginning of year 2023
Butterfly of VIX Daily Trend Fall from 29 to 14 .
at last weeks of year 23
buyers crab rose to reach 23.
https://www.tradingview.com/x/Qjl0nBwE
in year 2024
Butterfly of VIX Weekly Trend probably Will Fall from 19 to 7.

Note

The VIX Sniper Crab is likely to start 2024 with an increase in the index to a target of 18.

Note

Pullback from first golden level and rise VIX to next golden level.

Trade closed manually

Trade active

The VIX butterfly is currently flying within two parallel channels, indicating a potential trading opportunity for investors. The VIX bullish butterfly pattern is expected to initiate at a level of 12.78, suggesting a bullish trend in the VIX index. Traders and analysts may want to closely monitor the VIX index as it approaches the 12.78 level to confirm the formation of the bullish butterfly pattern.

Note

Perfect Idea

Trade closed: target reached

Note

Trade active

Trade closed: target reached

level 1

Note

falling started from level 1

bullish shark pattern will start at level 1.13.

Trade closed: target reached

Trade active

first TP :18.5

Note

bullish butterfly pattern will start at level 1.276

Note

Two potential targets for the VIX Butterfly.

Trade closed: target reached

vix 29 sell order

Trade active

Note

ViX is halfway through the predicted uptrend.

SEYED98

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