Over the summer months, UVXY dropped down and formed the first blue arrow low in the Mount Everest Cycle. UVXY should retest around that low according to the Cycle as it approaches the second blue arrow.
Since it is a large scale Cycle, it can take time (weeks) to reach the second blue arrow.
The VIX Cycle is helpful for short term timing. The VIX Cycle orange arrow high was likely August 30th.
Large Scale Mount Everest Cycle: