VIX Daily Pivot Point 22nd August, 2021
This page will show readers Pivot point levels for Volatility Index VIX, and how price may move for the day.
The 4 hour time frame will be our focus for today’s pivot point analysis.
VIX Pivot 22nd August, 2021 (08:15 GMT):
V75 4HR TF:
Volatility 75 Index price closed on the 21st August, 2021 at 718801.17.
Opening price for today is 718813.17.
Pivot for the day is 701614.15 and this is well below market open price.
The 4hr chart is currently showing that market price is currently Bullish from the Bottom, 512787.21 area.
On the Daily chart, we currently have a Double Bottom pattern.
Price may breakout higher towards Resistance 1 (740298 area) before jumping further to 761794 (Resistance 2).
Break and close above that level will definitely take price to Resistance 3 (800478 area).
Support 1, which is at the 680117 area is currently being eyed by the Bears.
A break below Support 1 may take price to Support 2 (641433 area).
Break and close below that level will definitely take price to Support 3 (619936 area).
Overall bias on the 4 hour chart is Bullish.
Find below computation results for Pivot Point, Support and Resistance levels for 22nd August, 2021.
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