Falling wedge: Bullish break-out potentially could happen soon. Graph shows also some timeframes/period from bottom to peak. Read line is the delta "VIX9D-VIX3M". Bottom of VIX reached when "VIX9D-VIX3M" bottoms (or close to). Better to see, when enlarging the area of VIX and VIX9D-VIX3M. Hope the graph explains more than my words.