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powerintegral
Oct 13, 2023 5:48 PM

Bullish reversed Head & Shoulders on VIX Long

TVC:VIX1D
VOLATILITY S&P 500TVC

Description

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The VIX seems to have validated a bullish pattern, the reversed Head & Shoulders with a target around 27 and intermediate resistance with the line linking the tops near 24.

Only a break below the shoulders level around 15 would invalidate this view.
Trend AnalysisChart PatternsVIX CBOE Volatility Indexhead_and_shoulderheadandshouldersformationriskoff
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