![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5EyPLzv2K_wkAFuQq7fUQi-lYgMKk85uSRTx2BM38R2CaNv1IoUH2wyE9joZKk_gV7_mPvN9r1BBb6BdkCUuFWqExxJiNHakbcuCeFQUajk7raVAsEIH_n2AM7mDPHzRbW2mFY3FA9km1/s400/image002.gif)
Could a double bottom be forming in the VIX index? A break above 19 would confirm the double bottom for a rally towards 23.79 and a break above here will confirm that an important bottom was seen at 15.37.
The normal target, when a wedge-formation is finished is a return to it's origin, which in this case is a rally bach to the 37.85 area.
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