On the daily chart, there is a large, active, double bottom bullish reversal pattern known as the Adam and Eve.
The shape of the pattern typically has two distinct valleys that differ in shape and together hold a descending volume profile.
The traditional long entry occurs after pattern completion on the breach of horizontal resistance with high volume at ~$11,440, which also represents yearly pivot resistance (not shown).
The pattern yields a 1.618 fib and measured move between $14.400 and $17.000
The shape of the pattern typically has two distinct valleys that differ in shape and together hold a descending volume profile.
The traditional long entry occurs after pattern completion on the breach of horizontal resistance with high volume at ~$11,440, which also represents yearly pivot resistance (not shown).
The pattern yields a 1.618 fib and measured move between $14.400 and $17.000