updating previous charts for this action
... see how the abcd patterns are repeating, and the lows of the triangles are the B or C of the upswing. So the question is, on this downswing to form the first leg of the new triangle, where do we stop, at B or at C? Perhaps where oil
bounces, and perhaps that is not so much a coincidence? And the blue triangle shown here is just craziness, but there is craziness in the world right now, and VXX
can be played if you think that will continue.