Correct. As I showed in the numbered steps on the chart, the
close outside the BB's occurred on July 29 on the daily $VIX (step
1). Then, the following day, Aug 1, it closed back inside the BB's
creating the signal (step 2 as described on your chart). Today, SO
FAR, it looks like it may close below the close of the Aug 1 candle
(step 3). Those three candles I labelled with numbers appear to
meet the criteria of each of the three steps required for a
confirmed signal. I guess I'm missing something. Hopefully, it will
become clear on future comments about the $VIX.
Everything you said was correct until step 3 - that ONLY relates
to a close above the upper BB and reversal down. You can
phone me after hours to get all questions resolved. Send me a
private email and I will respond with my phone number. Just
click on the envelope under any of my posts to send me a private
email.
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Correct. As I showed in
VIX Summary
Posted by Trendie on 3rd of Aug 2022 at 12:31 pm
Correct. As I showed in the numbered steps on the chart, the close outside the BB's occurred on July 29 on the daily $VIX (step 1). Then, the following day, Aug 1, it closed back inside the BB's creating the signal (step 2 as described on your chart). Today, SO FAR, it looks like it may close below the close of the Aug 1 candle (step 3). Those three candles I labelled with numbers appear to meet the criteria of each of the three steps required for a confirmed signal. I guess I'm missing something. Hopefully, it will become clear on future comments about the $VIX.
Everything you said was correct
Posted by steve on 3rd of Aug 2022 at 12:35 pm
Everything you said was correct until step 3 - that ONLY relates to a close above the upper BB and reversal down. You can phone me after hours to get all questions resolved. Send me a private email and I will respond with my phone number. Just click on the envelope under any of my posts to send me a private email.