See that "S" in red above the price? Well - this says a lot on a Daily. Good luck!
Have been analysing all VIX recoveries after big drops and 90% of them were the same - a curve to the downsidefor some time until a rounded bottom appeared and pumped the value sky-high crossing the long-term curve. This time it is different. We recovered from last big drop (Covid Crash) the same way as always - but we didn't pump as we used to - and this has...
I admit it - I have been trading many fractals and they have been working out many times - The only thing you need to recall each time is that context needs to match the price action. In this case, both indicators and fundamentals suggest a move to the upside - here a fractal side of things confirming such movement could happen. We will track it and see how it performs.