VIX Pivot 24th November, 2021 (14:30 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 23rd November, 2021 at 610470.67.
Opening price for today is 610455.41.
Pivot for the day is 615130.82 and this is well above market open price.
The 4hr chart is currently showing that market price is currently Ranging.
On the Daily chart, we currently have Price moving in a Range in the last couple of days.
Price may breakout higher towards Resistance 1 (615009 area) before jumping further to 627175 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (634677 area).
Support 1, which is at the 595341 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (587839 area).
Break and close below that level will definitely take price to Support 3 (575672 area).
Overall bias on the 4 hour chart is that market price is currently Ranging.
Find below computation results for Pivot Point, Support and Resistance levels for the 4th Four Hour Period for 24th November, 2021.
RESISTANCE 3
634677.38
RESISTANCE 2
627175.63
RESISTANCE 1
615009.22
PIVOT
607507.47
SUPPORT 1
595341.06
SUPPORT 2
587839.31
SUPPORT 3
575672.90
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