So my original intuition was right about the VVIX/VIX ratio - the prime time to buy would be when it nears 6.92 I'm still learning how to use these signals as it's relatively new to me. Essentially this is showing a likelihood of a VIX spike soon because volatility is bring mispriced, i.e. there is complacency in the market Given we're seeing JPYUSD breaking out on lower time frames - together this is a signal to long the vix or short the market
