Charlieab94

VIX Long Trade *5th Wave Potential*

Long
CBOE:VIX   Volatility S&P 500 Index
Technical analysis supporting fundamentals of the 2nd wave of virus globally, unemployment rising etc. etc.

Technicals:

- Bullish supporting trendline.
- 4hr chart showing higher highs and higher lows.
- price looking likely to open at the lower trendline.

A higher low forming around the 26.00 level could be a good long trade entry to catch the next bullish wave upwards. Upper resistance zone at 36.00 would be a good long term target but near term I would target the -0.27 and -0.618 fibonacci extension levels and a new higher high.

Let me know your thoughts. Thanks.
Trade active
Comment: Nice pop yesterday, currently trading around 9% higher than the entry price yesterday. Looking to see how the weekly price closes tomorrow
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out