Hello everyone this is my Vix idea on daily time frame ..
Few things to keep in mind ..
First Vix started a downtrend since end of march
Second red line is a strong resistance that is suppressing Vix
Third Green line was strong support for Vix now turned into resistance
Now lets pay attention .. and think what Vix could be telling us
Even though with vaccine news and massive printing Vix refuse to fill the gap and break the black line actually Vix spiked on 21 Dec to test the green line and red line together ..
as long as Vix stay above black line it is not safe to assume things are back to normal
If Vix spike again to test the red line or green line and managed to close above them .. this will signal that red line or green line could turn into support thus giving Vix more time to grow ...
what i am trying to say is Vix think things are not stable around the world .. even though vaccine news stimulus etc is coming but there is Risk
for any question feel free to ask me :)
Few things to keep in mind ..
First Vix started a downtrend since end of march
Second red line is a strong resistance that is suppressing Vix
Third Green line was strong support for Vix now turned into resistance
Now lets pay attention .. and think what Vix could be telling us
Even though with vaccine news and massive printing Vix refuse to fill the gap and break the black line actually Vix spiked on 21 Dec to test the green line and red line together ..
as long as Vix stay above black line it is not safe to assume things are back to normal
If Vix spike again to test the red line or green line and managed to close above them .. this will signal that red line or green line could turn into support thus giving Vix more time to grow ...
what i am trying to say is Vix think things are not stable around the world .. even though vaccine news stimulus etc is coming but there is Risk
for any question feel free to ask me :)
still good sign