1) A HS formation in recent tops coincides with the lower range of the blue channel
2) VixFix is not even indicating a bottom
3) One could have seen this coming when the head was diverging on
4) We are still in the downtrending channel and there\s at least 2% down from here
5) With this we are not yet in the yellow range so a run up can also happen - watch the channels
6) The bars projections is from the 2014 October dash to the yellow channel
7) I would consider buying on a breach of the red channel (cause it may be a as well) or on the bounce in the yellow channel . Do share your ideas as well!
Good luck trading!