VIX IH&S pattern confirmed, waiting on break out
Vix IH&S pattern confirmed. With multiple gaps(in grey) in the 10min time frame to cover.
Vix always cover it’s gaps in 10min time frame and up.
Important price levels to consider as VIX is looking to consolidate between $16.50 to $18.14 price levels.
The yellow solid line is the neck line of the pattern. Waiting for candles to break out, to enter.
If candles close above 19.27 on the 4 hour time frame, VIX will be running to cover the gaps and the target levels are 27.16 and 25.89.
Waiting for VIX’s 9ema to cross 20ma, and candles to hug below the 9ema
Vix always cover it’s gaps in 10min time frame and up.
Important price levels to consider as VIX is looking to consolidate between $16.50 to $18.14 price levels.
The yellow solid line is the neck line of the pattern. Waiting for candles to break out, to enter.
If candles close above 19.27 on the 4 hour time frame, VIX will be running to cover the gaps and the target levels are 27.16 and 25.89.
Waiting for VIX’s 9ema to cross 20ma, and candles to hug below the 9ema
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