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Comment:
4 hour vix turned green through hours 15:00- 23
Once zoomed to the 30 min TF when the second 4 hour green vix candle closed at 19:00. You can see a great buy setup given at 20:30 from the TD sequential.
But to risky for me.
If you slap a Fib on it. you can see its a clear play off the .618 and could be short lived.
Once zoomed to the 30 min TF when the second 4 hour green vix candle closed at 19:00. You can see a great buy setup given at 20:30 from the TD sequential.
But to risky for me.
Currently waiting for 50 sma (blue line) to catch up but can still go higher from here(as high as 0.05064-from TD).
RSI and MFI could use some cooling off to help spot the next move.
And finally conformation of a downtrend exhaustion would be green bars from the vix and will set up my next position.