Possible Weekly Trend Of VIX πŸ¦‹ Butterfly πŸ¦‹

SEYED98 Updated   
TVC:VIX   Volatility S&P 500 Index
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.

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

Perfect Idea
Trade closed: target reached
Trade active
Trade closed: target reached:
level 1
falling started from level 1
bullish shark pattern will start at level 1.13.
Trade closed: target reached
Trade active:
first TP :18.5
bullish butterfly pattern will start at level 1.276

Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.



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