JohnnyPuts

JohnnyPuts

With today's falling wedge breakout, VIX has moved up to the full 1.0 Fib Retrace level on the downwards channel from March... Contextually this makes sense, as the fears of a second wave and overbought indices mimic or "retrace" the fears from the first COVID outbreak, albeit muted due to the downward channel nature ...

JohnnyPuts

Classic example of rising wedge , reduced volume. MACD already crossed on 5m candles and RSI overbought for the past hour.

JohnnyPuts

Interesting divergence of MAs. Much more downside volume Jumped gun before selloff, patient to see what develops over next 12 hours

JohnnyPuts

First time publishing anything -- apologies for brevity, just logging my notes Looks like starting to form Head-Shoulders, hoping enough support @ 0.025 level to keep us long