VIX 75 Four Hr TF Pivot 1st September, 2022
V75 4HR TF:
Volatility 75 Index price closed on the 31st August, 2022 at 571463.07.
Opening price for today is 571503.96.
Pivot for the day is 574112.70 and this is well above market open price.
For today’s session, look out for Resistance at 596998.14.
Also watch out for Supports at 542715.58 and 525692.21.
Four session pivot point analysis will be updated below at the start of every four-hour candle on the V75 price chart.
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V75 4HR PIVOT UPDATE (09:10 GMT):
The 4hr chart is currently showing that market price is currently Bearish.
The market Price is currently testing the 4hour Time Frame Pivot.
Price may breakout higher towards Resistance 1 (566796.90 area) before jumping further to 573339.19 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (578834.83 area).
Support 1, which is at the 554758.97 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (549263.33 area).
Break and close below that level will definitely take price to Support 3 (542721.04 area).
Overall bias on the 4 hour chart is that market price is currently Bearish.
Find below computation results for Pivot Point, Support and Resistance levels for the 3rd Four Hour Period for 1st Sept, 2022.
Support and Resistance levels for the 3rd Four-Hour Period for the Day
Resistance 3
578834.83
Resistance 2
573339.19
Resistance 1
566796.90
Pivot Point
561301.26
Support 1
554758.97
Support 2
549263.33
Support 3
542721.04
For this four hour session, look out for Resistance at 570068.
Also watch out for Supports at 549263 and 542721.
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