VIX Pivot 26th November, 2021 (12:09 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 25th November, 2021 at 620535.50.
Opening price for today is 620198.76.
Pivot for the day is 620620.02 and this is above market open price.
The 4hr chart is currently showing that market price is currently Bearish.
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 (616364 area) before jumping further to 625766 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (634659 area).
Support 1, which is at the 598069 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (589175 area).
Break and close below that level will definitely take price to Support 3 (579774 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 4th Four Hour Period for 26th November, 2021.
RESISTANCE 3
634659.23
RESISTANCE 2
625766.08
RESISTANCE 1
616364.17
PIVOT
607471.02
SUPPORT 1
598069.11
SUPPORT 2
589175.96
SUPPORT 3
579774.05
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