VIX 75 Four Hr TF Pivot 2nd Jun, 2022
V75 4HR TF:
Volatility 75 Index price closed on the 2nd June, 2022 at 853361.26
Opening price for today is 853113.38
Pivot for the day is 895461.37 and this is well below market open price.
The 4hr chart is currently showing that market price is currently Bullish..
The market Price is currently testing the 4hour Time Frame Pivot (retracing in a Bearish Trend)
Price may breakout higher towards Resistance 1 (910712 area) before jumping further to 968064 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (997761 area).
Support 1, which is at the 823663 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (793966 area).
Break and close below that level will definitely take price to Support 3 (736614 area).
Overall bias on the 4 hour chart is that market price is currently Bullish.
Find below computation results for Pivot Point, Support and Resistance levels for the 4th Four Hour Period for 26th March, 2021.
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