View: 2 aug21.png

2 aug21.png

Last 3 candles structure in VIX is very interesting. 
We have a hammer a black doji candle and another hammer 
If we close next week above 14.24 wich is far from impossible at that point, that would be a very powerfull reversal pattern 
Can those 3 candles also represent a head and shoulders pattern?


I see selling sign of reversal. What am I missing? 8/21/16
Silver SingularitySilver Singularity
Nothing, you are totally right! 
There's no evidence at that point, but don't expect any sell signal at or near a top, that just doesn't exist. By definition a buy or sell signal lags 8/21/16