VIX - Bull Flag into Bat

CBOE:VIX   Volatility S&P 500 Index
The VIX chart is showing a clear bull flag at the moment, with a bullish bat-like pattern that has formed.

I know point B on the Bat overshot the 0.382 - 0.50 mid point, however I put more emphasis on the 0.886 X-D retracement point. We are very close to the 0.886, however I am comfortable taking a long position here as long as the TD Risk line continues to hold.

Any thoughts? Feedback is always appreciate. Best of luck!


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