VIX 75 Four Hr TF Pivot 2nd Jun, 2022
V75 4HR TF:
Volatility 75 Index price closed on the 3rd June, 2022 at 853094.53
Opening price for today is 852736.60
Pivot for the day is 872061.26 and this is well above 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 (897785 area) before jumping further to 917601 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (943325 area).
Support 1, which is at the 852246 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (826521 area).
Break and close below that level will definitely take price to Support 3 (806706 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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