June 13, 2019
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^VIX CBOE Volatility Index 恐慌指数 Stock Charting
Let’s study CBOE Volatility Index 芝加哥 恐慌指数 stock chart and Fibonacci.
See chart, picture worth a thousand words. Swing high to low to find the resistance, and swing low to high to find the support.
VIX drop from the high at 36 to the low at 11. The price action rebounce and resisted at 50%, between 23 and 24 level. Don’t play play with the Fibonacci, it really work.
Next draw the Fibonacci from low to high and look for the support, see support near 78%, and the price action rebounce.
Can you spot H M Gartley patterns? You could see two ABCD pattern, in the CD leg.
When the chart patterns of Gartley do not fail, the price action will be testing level 27 or 21. Will see. VIX will be higher, of course lower than 2018.
Remember High in ^VIX 恐慌指数 readings typically represent a fearful marketplace. So, be aware that the current economy, trade friction among the Global nation such as United Stated of America and China are affecting the investor decision.
Trade with your eyes open.
Moses Stock Observation
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.