Possible Weekly Trend Of VIX 🦋 Butterfly 🦋

the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools.

1. in beginning of year 2023
   Butterfly of VIX Daily Trend Fall from 29 to 14 .
   
   
   
   
2. at last weeks of year 23
   buyers crab rose to reach 23.
   
   
   
   
3. in year 2024
   Butterfly of VIX Weekly Trend probably Will Fall from 19 to 7.
   

Comment:

The VIX Sniper Crab is likely to start 2024 with an increase in the index to a target of 18.

Comment:

Pullback from first golden level and rise VIX to next golden level.

Trade closed manually

Trade active:

The VIX butterfly is currently flying within two parallel channels, indicating a potential trading opportunity for investors. The VIX bullish butterfly pattern is expected to initiate at a level of 12.78, suggesting a bullish trend in the VIX index. Traders and analysts may want to closely monitor the VIX index as it approaches the 12.78 level to confirm the formation of the bullish butterfly pattern.

Comment:

Perfect Idea

Trade closed: target reached

Comment:

Trade active