VIX is brewing for a violent move
To the ones who are not familiar with the TTM Squeeze is a volatility and momentum indicator developed by John Carter, which capitalizes on the tendency for price to break out strongly after consolidating in a tight trading range. It has 2 stages: Being in the squeeze and squeeze being fired. (those who wants to learn more can research on Google). The squeezes are colored red and black, fired oned are green. Since 1980's there had been total of 306 squeezes where 143 of them fired for long. Average squeeze length is 9 and average squeeze move is 11% and the biggest one is 431%.
As of today we are in a squeeze of count 18, the bigger the count (consolidation) the violent the move is. As all indicators are positive (MACD cross, RSI 14,50 cross, golden cross, etc) making this all stars aligned for a blackswan day which is not far. Also this setup is confirmed by the lower time frames.
Stay and trade safe.
PS. This is for entertainment and education purposes only. Not a trading advice.
PS2. The TTM indicator I am using is the REAL one not from community indicators.
As of today we are in a squeeze of count 18, the bigger the count (consolidation) the violent the move is. As all indicators are positive (MACD cross, RSI 14,50 cross, golden cross, etc) making this all stars aligned for a blackswan day which is not far. Also this setup is confirmed by the lower time frames.
Stay and trade safe.
PS. This is for entertainment and education purposes only. Not a trading advice.
PS2. The TTM indicator I am using is the REAL one not from community indicators.
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