VIX Showing Bullish Ascending Triangle Pattern
VIX looks to be exhibiting a bullish ascending triangle pattern. This could mean we are about to see a big drop in major indices in the next week or so (look back at 2018). Look for confirmation of it breaking out above the flat top and maybe a retest (resistance becomes support) before making a big move up.
Yorum:
End of day it looks to be a breakout.
