/VIX (December $VIX futures contract) will offer an objective long entry on a solid break and/or 60-minute close above this bullish falling wedge pattern with stops commensurate with one’s preferred price target(s), which are denoted by the arrow breaks.
VIX 60m Nov 15th
For those that prefer ETP’s over futures, VXX (VIX short-term futures ETN) will trigger a long entry on a break above the comparable 60-minute bullish falling wedge on /VIX futures.
VXX 60m Nov 15th
As always, the extreme volatility & above-average gain/loss potential should be taken into account when/if trading any of the $VIX tracking instruments as should any current long or short positions on the US stock market, as a long position on the VIX is essentially a short bet (or hedge against index longs) on the stock market.