VIX is sitting around strong support (18-20). NOW WHAT?
VIX has been trading inside this big range for a while (between 42-45 in red and 18-20 in green).
Now VIX is sitting around the lower bound of the range 18-20 (support) so we will be looking for buy setups on lower timeframes.
Unless the green support is broken downward with two bearish Daily candles, then a movement till our lower blue support would be expected.
But before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
As per my trading style/plan:
I will be waiting for reversal buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
VIX has been trading inside this big range for a while (between 42-45 in red and 18-20 in green).
Now VIX is sitting around the lower bound of the range 18-20 (support) so we will be looking for buy setups on lower timeframes.
Unless the green support is broken downward with two bearish Daily candles, then a movement till our lower blue support would be expected.
But before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
As per my trading style/plan:
I will be waiting for reversal buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.