VIX - GLOBAL PICTURE M1/W1/D1 - SOMETHING IS COOKING !
M1 : Still above the long term support trend line (to be confirmed
at month end closing !)
W1 : Within an ongoing downtrend channel, in a downtrend (red line) and below the clouds.
Still below all important indicators such as Mid Bollinger Band, Tenkan-Sen and Kijun-Sen.
Nevertheless, this week price action is showing, for the fist time since several weeks, first sign
of a potential recovery (white candle in progress !)
D1 : In a broad falling wedge pattern, below the clouds and an ongoing trend reversal progress.
Currently above Tenkan-Sen and the Mid Bollinger Band.
A breakout confirmation of the Kijun-Sen on a daily closing would add further support for this expected
recovery calling for an upside wedge breakout ahead of D1 clouds resistance area ranging, currently from
24.55 to 28.25
at month end closing !)
W1 : Within an ongoing downtrend channel, in a downtrend (red line) and below the clouds.
Still below all important indicators such as Mid Bollinger Band, Tenkan-Sen and Kijun-Sen.
Nevertheless, this week price action is showing, for the fist time since several weeks, first sign
of a potential recovery (white candle in progress !)
D1 : In a broad falling wedge pattern, below the clouds and an ongoing trend reversal progress.
Currently above Tenkan-Sen and the Mid Bollinger Band.
A breakout confirmation of the Kijun-Sen on a daily closing would add further support for this expected
recovery calling for an upside wedge breakout ahead of D1 clouds resistance area ranging, currently from
24.55 to 28.25
