VIX Pivot 17th December, 2021 (10:19 GMT):
V75 4HR TF:
Price is now rising in a steady Bullish Trend on the Four Hour time frame.
Higher Low, Higher High uptrend formation is now visible on the Four Hour time frame for V75.
However, a break and close above the 938000 Resistance level on the Daily Time frame will open way for 114500 all time High level.
Find below computation results for Pivot Point, Support and Resistance levels for the 2nd Four Hour Period for 17th December, 2021.
RESISTANCE 3
924431.90
RESISTANCE 2
916488.71
RESISTANCE 1
904688.27
PIVOT
896745.08
SUPPORT 1
884944.64
SUPPORT 2
877001.45
SUPPORT 3
865201.01
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VIX Pivot 28th November, 2021 (20:19 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 27th November, 2021 at 562122.06.
Opening price for today is 562062.36.
Pivot for the day is 581105.23 and this is well above market open price.
The 4hr chart is currently showing that market price is currently Bearish.
On the Daily chart, we currently have Bearish Slide in the last three days.
Price may breakout higher towards Resistance 1 (567614 area) before jumping further to 573107 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (578763 area).
Support 1, which is at the 556466 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (550810 area).
Break and close below that level will definitely take price to Support 3 (545317 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 6th Four Hour Period for 28th November, 2021.
Resistance 3
578763.00
Resistance 2
573107.03
Resistance 1
567614.54
Pivot Point
561958.57
Support 1
556466.08
Support 2
550810.11
Support 3
545317.62
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