VIX has been labeled as a Flat Pattern in the (A)(B)(C) Intermediate Degree (orange).
Intermediate (A) (orange) reflects the February 2018 return of the bears and sudden sell-off in the Indices.
Intermediate (B) (orange) has been labeled as a declining ABC Minor degree (green), with an Expanded Flat in Minor B (green) and an Ending Diagonal in Minor C (green).
Minor 1 (red) jumped from the 10.80 levels, thus shaking the markets with the first bearish signs.
Minor 2 (red) is showing a valuable Zig-Zag pattern, which appears to be complete, and this could pave the way for a volatility spike and a rally for this “terrific” chart.
Intermediate (A) (orange) reflects the February 2018 return of the bears and sudden sell-off in the Indices.
Intermediate (B) (orange) has been labeled as a declining ABC Minor degree (green), with an Expanded Flat in Minor B (green) and an Ending Diagonal in Minor C (green).
Minor 1 (red) jumped from the 10.80 levels, thus shaking the markets with the first bearish signs.
Minor 2 (red) is showing a valuable Zig-Zag pattern, which appears to be complete, and this could pave the way for a volatility spike and a rally for this “terrific” chart.
