Hi, for disclosure I am still a noob at trading but I wanted to show these lines I drew and love some feedback.
The upper trendline has held the vix back since march last year. The lower trendline has held perfectly at the beginning but almost dipped below it a few times. VIX might make a major move in the coming months with the trendlines converging in march this year. One theory I had based on the bullish moves from last months is that we will see positive sentiment for a few weeks till some catalyst makes the VIX breakout to the upside. What do you think can happen?
The upper trendline has held the vix back since march last year. The lower trendline has held perfectly at the beginning but almost dipped below it a few times. VIX might make a major move in the coming months with the trendlines converging in march this year. One theory I had based on the bullish moves from last months is that we will see positive sentiment for a few weeks till some catalyst makes the VIX breakout to the upside. What do you think can happen?