There are day rare days when the 2nd Bouhmidi-Band comes into play - This Morning - The Dax started with a gap-down and made a reversal at the second lower band.
As the sell off in indices finished as VIX tested resistance, now waiting for the break of resistance to buy.
It would also signal another potential sell off in indices for that day.
Please support the idea and share your thoughts on VIX!
Good Luck and Stay Healthy!
Price has created a Bull Flag chart pattern which has a Bullish bias (LONG TRADE).
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is...