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VIX BEARS WILL DOMINATE THE MARKET|SHORT

Short
Volatility S&P 500 Index (TVC:VIX)  
EliteTradingSignals Updated   
TVC:VIX   Volatility S&P 500 Index
Chart Patterns Trend Analysis Wave Analysis VIX CBOE Volatility Index short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

VIX pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 12.80 area.

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Comment:
We are seeing a good move already so we will keep the trade running!
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