IF this fractal plays out, VIX can EXPLODE
- What I've shown above are two bullish wedges. The first one is the wedge building up to the covid crash and the second one is the current setup
- I want you to focus on the price action after the wedge breakout
- There's an initial breakout, followed by a re-test, and then a crazy explosion in the VIX; i.e. market crash
- The exact same price action seems to be playing out again. We've even got the bullish follow through candle like last time
TAKEAWAY: This week started off as a big gap up (for VIX) so if this fractal has to play out exactly, something big should happen tomorrow (dec 23) itself or latest next week. I'm even more confident about this setup because my longterm cycle analysis makes this week very special.
- I want you to focus on the price action after the wedge breakout
- There's an initial breakout, followed by a re-test, and then a crazy explosion in the VIX; i.e. market crash
- The exact same price action seems to be playing out again. We've even got the bullish follow through candle like last time
TAKEAWAY: This week started off as a big gap up (for VIX) so if this fractal has to play out exactly, something big should happen tomorrow (dec 23) itself or latest next week. I'm even more confident about this setup because my longterm cycle analysis makes this week very special.
Comment:
just to be theoretically correct, the first one is a triangle; I referred to both of them as wedges in my post; my apologies !