VIX - Elliott Wave Illustrates a Potential Bottoming PatternI've been tracking VIX since 2020. I believe that VIX is in a bottoming pattern and will start the next leg up to a new high soon.
VIX doesn't act like an equity. Mainly because it isn't an equity. Its waves don't move like an equity. It usually operates in 3-wave segments over longer timeframes whereas equities operate in both 5-wave and 3-wave segments.
Elliott Wave corrective patterns move in 3-wave segments. You can see a series of these 3-wave moves on this chart leading up to the previous high in early 2022 with light red Wave A. Following that top, I expected a 3-wave corrective move back down. Instead, we've gotten a very choppy, almost Darvas Box looking structure. I've come to realize that this is actually an Elliot Wave triangle pattern (labeled with circled numbers in pink) and I am expecting a bottom in the last segment of it, pink Wave Circle e, which will finish off the light red B wave. It should then start a 5-wave pattern back up to finish off the larger degree 3-wave structure ending in light red C. I've shown some basic extension levels to help predict the landing spot. The first is a 76-100% extension of the size of the light red A wave from the expected bottom of light red Wave B (orange). The second is a 123%-161.8% (the golden ratio) extension of the pink circle d wave of our triangle from the expected bottom of pink circle e (yellow). Each of these can be correct, and they could both be correct. Alternatively, since markets are merely a battle of sentiment, VIX could land somewhere else. We are, remember, looking at a volatility index that tracks S&P options. And the S&P is in a topping pattern of some sort of a bear market bounce corrective wave.
But ultimately, there are two channels I've added to illustrate why I think light red Wave C will land where and when it does. The first connects the bottom in July 2021 to the expected bottom it is currently working on, with the parallel top line connecting the top of light red Wave A to the expected landing point of light red Wave C. This channel is in green. The second channel covers the trajectory of the light red Wave A from bottom to top and then extends its parallel companion from the expected bottom that we are currently working on. That channel is in blue. Both of these channels perfectly intercept each other at a key MAJOR Elliott Wave fib level that usually indicates a C-wave end (the 100% extension of Wave A from the bottom of Wave B). And it also happens to line up with the timing that I've predicted for the next bottoming event in the S&P 500 (not shown here).
Lastly, all of this lines up with the fact that RSI is clearly in a bottoming pattern on daily candles and showing a potentially oversold state.
There are many calculations not shown here so as to not clog up the view.
I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors. My analysis is not a recommendation for a specific trade.
-mazag08 - TastyWavez 2022
VIX trade ideas
VIX SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
VIX pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 20.19 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
VIX - Bull vs Bear zoneThere are three noticeable relations in VIX PA that keep repeating in fractals:
1) Moves in 3 waves
2) Retraces are generally between .786 and .886 fib
3) Retrace support is always retested before the actual explosive move.
All of the above are satisfied currently and in that BIG zone ~14. VIX must hold here and create divergence with SPX as it goes up if there is going to be another VIXplotion, basically bull vs bear case is decided here.
Here lies Vix ☠
Approaching 2021 low support 14.5
If we break below 14 then we head to precovid lows .
Vix outside is Daily bbands and the indexes (IXIC and Iwm) are outside of theirs.. technicals say vix gaps up Monday but I don't know if it'll holds, there's no fear in the market, plus Daily MACD turned bearish
Narrative is Powell is pausing, debt ceiling done.. Blah blah lol..
We could see a bounce to 16.00 then we'll see what happens
As you can see it can take awhile to get back to channel top.
Needs a catalyst, but in the meantime I expect a pop
VIX BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
VIX pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 15.90 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Vix 5 wave impulse pattersn repeatingBeen comparing the past two VIX 5 wave patterns. Wave 5 really gets going. Repeat this timer again, debt ceiling, Taiwan invasion by China, Iran V US shipping, Ukraine debacle, Biden bribes looking really real - impeachment pending and his own party will do it, bank failures increasing, commercial real estate foreclosures rapidly increasing, do I need to go on because I actually could. the most amazing indicator is that with all these candidates, equities just keep going up, the bull will NOT stop, the Greed factor is off the charts, and that's when the black swan appears. You decide.
$VIX threw in the towel long agoTVC:VIX mini inverse head & shoulder pattern has gone way of dodo bird
Long term trend has been broken for some time
We stated long ago that the direction this would be broken would show how #stocks would react
What does SP:SPX look like it wants to keep doing?
Will post quickly right after this
#SPX #VIX
S&P still within Range when I first highlighted in JanuaryThe market is at crossroads again.
Whenever you have lows in the VIX people will highlight the potential risk to the market, we also in that period people coined the phrase "Sell in May and go away"
My view is unchanged to remain in the camp of a move lower with a decisive break of first of 4100 area.
But I have listened to arguments on both sides of the argument, those proposing a move to the 4400 area and the bears arguing lower.
So while 4150/4200 remains intact as the resistance I remain bearish but can't think of a catalyst at the moment to drive prices higher.
Good luck, do your research and investigation and make up your own mind.
VIX (@) (@) watch itHi,
If you're trading crypto i'd be watching the VIX.
Here's some insight.
1- high vix ( meaning good opportnity to buy volatile assets like BTC)
1 - low vix ( everyone to comfortable and thinks we may bounce to the moon)
This is just simplified version obviously.
Personally I think over the recent weeks of meme tokens fortunes / and people comfortable with buying crypto as it's been bouncing at every trendline, this means we are in for a flush out.
Questions to ask yourself:
1 - A flush to induce the fear + liquidations likely or unlikely ? / Can the VIX bounce at this stage?
2 - Is the Key inflation data 10/5 is the negative news required for the flush out?
3 - or will we just go to the moon and all be millionaires?
Key takeaway: Don't buy meme tokens if you're not willing to lose it all
$VIX gearing for a return of volatility post May expirationVIX volatility has been bottoming out over the past week, hitting a 15 handle last week. It's possible we may see that again this week. But the stars have aligned here using this Gann fan to pinpoint where we'll hit through the 2/1 line on the fan likely hitting as high as $22 sometime before the end of the month as the Debt Ceiling debate heats up, banking crisis continues, Fed speak flows and markets adjust to the idea that June may not be a pause.
🟩 VIX is continuing to improveVIX DROPS SIGNIFICANTLY 📉
The VIX has experienced a dramatic decrease, which is crucial to observe as we shift from a bearish to a more favorable market. Similar to what occurred in December and at the start of the year, the 28 level serves as a warning signal, particularly after a substantial market movement. This indicates that the market may be overheating, and we should be on the lookout for a potential bear market. Throughout the recent bearish phase, the VIX remained elevated above the 28 level.
SEEKING LOWER LEVELS 🎯
Ideally, we'd like to see the VIX return to lower levels. While occasional upticks are expected, it's important that they remain within the lower historical ranges. Lower volatility benefits the indices, but it's equally important for individual stocks to exhibit reduced volatility as wel