Hi everyone:
VIX is showing good price action for another move to the upside.
We see price in the higher time frame in this channel structure, slowly bringing price down to a double bottoms.
Lower time frame also has a recent double bottoms, and price made a small bullish push up.
I like to see price continue upwards to break out of the channel structure, and form continuation correction.
This would give me the confluence that we are going up the the recent tops.
Wait for confirmation of the correction to enter.
Thank you
VIX is showing good price action for another move to the upside.
We see price in the higher time frame in this channel structure, slowly bringing price down to a double bottoms.
Lower time frame also has a recent double bottoms, and price made a small bullish push up.
I like to see price continue upwards to break out of the channel structure, and form continuation correction.
This would give me the confluence that we are going up the the recent tops.
Wait for confirmation of the correction to enter.
Thank you
Note
Still wating for a confirmation breakout.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.