1 - Bearish Set-ups – VIX Rise – Indices

VIX could be continuing the recently witnessed spike in “red October”. If this would materialize, then this could lead global indices in an even more aggressive sell-off, thus continuing the bearish cycle.

Structure: Flat pattern in Intermediate (A)(B)(C) (orange) degrees.
Sequence / Labels: Impulsive bullish sequence with a probability of an extension in the 3rd sub-wave of a larger degree 3rd main wave.