Sonny
Sonny
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Sonny

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Full time trader and investor specializing in Elliot Wave Theory, market psychology and macro cycles.

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JPYUSD with an inverted head and shoulders


Similar setup to mid July where it deviated below the range and then went to the top of the range

Gold flipping resistance into support and now with the 2h BB squeezing

VVIX/VIX breaking out, showing volatility of volatility is increasing and that the market is becoming more unstable


Combine that with the VIX curve forming a rounded bottom, it shows smart money is positioning for short term volatility


All in all, this indicates a VIX spike is imminent!