And also the Feb gapup downtrend S/R (magenta). The horizontal S/R below it (green).
Another reason VVIX has limited downside but massive upside, also coming up on March peak downtrend S/R (purple) for what should be a pretty powerful wedge as Ratio squeezes down against the converging horizontal and uptrend S/R (white).
OG idea Aug 29th:
![[VVIX/SPX] Volatility Ratio Encore: New Perspectives = More $$$](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
Another reason VVIX has limited downside but massive upside, also coming up on March peak downtrend S/R (purple) for what should be a pretty powerful wedge as Ratio squeezes down against the converging horizontal and uptrend S/R (white).
OG idea Aug 29th:
![[VVIX/SPX] Volatility Ratio Encore: New Perspectives = More $$$](https://s3.tradingview.com/b/BkKbzn82_big.png)
Data analyst with a passion for best fit lines B)
