Volatility Developing "Morning Star" Pattern? - Bullish Futures?

As you can see in the TVIX chart, it appears as if a "Morning Star" pattern may be developing in the 4hr chart. You may point out that there is no uptrend piece - which is crucial to a morning star pattern - but on the 1hr chart this uptrend is very prevalent.

Most Likely:
Volatility will begin bullish behavior until it reaches the resistance curve, and then continue downwards along this resistance. However, there is also the likelihood that the price breaks through the resistance.

As I have shown in previous charts, the pivotal moment is where support intersects with the short run resistance curve.
What Can Happen:
1) If the price falls below the intersection we can expect volatility to continue decreasing along the resistance curve.
2) If the price breaks through and lies above the intersection, we can expect bullish behavior along the support curve as volatility increases. This option may also predict some unsettlement in the market.