VIXY - Reversal Area - Bannana/Shoe Pattern

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I have heard this pattern be called a "shoe" or a "bannana".
Downward straight trendline with curved supporting line (more than 3 points of contact).
Pattern repeats in VIXY chart as seen.
Bullish reversal is short 7-10 days.
We are currently in the bottom of the bannana, ready to breakout.
RSI shows wedge pattern as well, indicating breakout in RSI. We are close to all time low RSI.

I was able to use a bullish Put Credit Spread here for 5 contracts 12/20/2019 14/19 spread ($3.83 each) and take an upfront credit of $1925 for $575 risk.
IV is over 60 for both put options in the spread.
Theta works positively for us here and we should see VIXY spike during Christmas.
This trade has over 70% probability of success based on the numbers. Please see the videos below and do your own research.

For excellent free training on options (Options Industry Council) optionseducation.org/?partnerref=googleSEM&gclid=EAIaIQobChMIu_D_18Ps5QIVCJ6fCh0tqQdHEAAYASAAEgLFEPD_BwE&gclsrc=aw.ds
How Theta works positively for us as sellers - youtube.com/watch?v=XKJLkULz9bA
Bullish Put Credit Spread - youtube.com/watch?v=7QfablpqeQc&t=605s

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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short AAPL.

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