[VVIX] Bouncing Off Bottom of 2Y Uptrend Channel
This channel has the most Price action by far and Price is stuck right at 2Y uptrend channel bottom and 6M downtrend channel with the 2nd most Price action after the one right below.
Price likely to continue climbing yellow uptrend channel, white is max low here for the near term. Upside potential is 4 white horizontal trend channels.
Price likely to continue climbing yellow uptrend channel, white is max low here for the near term. Upside potential is 4 white horizontal trend channels.
Note
Can't really see it on the chart but nailed it...Nowhere else to go but up!
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
Related publications
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.