VIX is forming a bullish pattern (Watch Out!)

The descending channel pattern is often followed by higher prices, but only after an upside penetration of the upper trend line. The stock will continue channeling downward until it is able to break either the upper or lower trend line. An upside break is bullish, while a downside break is bearish.
Chart PatternseducationStocksTrend AnalysisVIX CBOE Volatility Index

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