SXIV chart has formed as one big butterfly pattern!
In a real case of harmonics chart art, the SVIX entire trading history since launch has built up into a big butterfly pattern.
Really interesting chart and worth bookmarking so we can see how the pattern plays out.
Common sense considerations here;
Charting derivatives has a lot more variance (If it works at all).
Charting things with limited chart data has a lot more variance (If it works at all).
But what that said, this is quite an incredible chart. The classic harmonic rules here would imply this is about to drop hard (Meaning VIX rockets). If that happened, this would be an iconic example of how cool harmonics (Sometimes) are.
Really interesting chart and worth bookmarking so we can see how the pattern plays out.
Common sense considerations here;
Charting derivatives has a lot more variance (If it works at all).
Charting things with limited chart data has a lot more variance (If it works at all).
But what that said, this is quite an incredible chart. The classic harmonic rules here would imply this is about to drop hard (Meaning VIX rockets). If that happened, this would be an iconic example of how cool harmonics (Sometimes) are.