So here we are, at the Lower Medianline Paralle of the black downsloping Fork.
What does this mean?
It means, that the VIX has pulled back to equlibrium - to a energy zone of equal, where all is possible again.
Most of the time we can see price turns at the L-MLH in the opposite direction, since the energy (price) is
now at a stage of the opposite extreme, and/or at the center of the upcomming other extreme...
...can follow? ;-)
No problem if you can't. All what it means is, that we Option Sellers are probably looking for strategies, where
we more then not use strategies to buy, instead of selling options. For example some RiskReversals etc.
Let's see how this unfolds in the upcomming days and weeks.
TradingView Blog: http://www.forktrading.com/tradingview-blog