VIX 75 Four Hr TF Pivot 11th Jun, 2022
V75 4HR TF:
Volatility 75 Index price closed on the 10th June, 2022 at 716172.73
Opening price for today is 716425.40
Pivot for the day is 713336.69 and this is well below market open price.
The 4hr chart is currently showing that market price is currently Bearish.
The market Price is currently testing the 4hour Time Frame Pivot (retracing in a Bearish Trend)
Price may breakout higher towards Resistance 1 (722166 area) before jumping further to 735133 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (743963 area).
Support 1, which is at the 700369 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (691539 area).
Break and close below that level will definitely take price to Support 3 (678572 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 4th June, 2021.
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