Falling wedge: Bullish break-out potentially could happen soon.
Graph shows also some timeframes/period from bottom to peak.
Read line is the delta "VIX9D-VIX3M".
Bottom of VIX reached when "VIX9D-VIX3M" bottoms (or close to).
Better to see, when enlarging the area of VIX and VIX9D-VIX3M.
Hope the graph explains more than my words.
Graph shows also some timeframes/period from bottom to peak.
Read line is the delta "VIX9D-VIX3M".
Bottom of VIX reached when "VIX9D-VIX3M" bottoms (or close to).
Better to see, when enlarging the area of VIX and VIX9D-VIX3M.
Hope the graph explains more than my words.