Double bottom with confluence of a potential long term bull trendline; reversal candle on increased volume; stochastic divergence; downward channel into a potential broader bullish channel.
Not an entry yet, simply a possible bottom, need to see a bullish move (jump the creek - Wyckoff), then a small retracement (back up to the creek - Wyckoff) with another reversal candle pattern for entry back up to the top of the channel. This current bar could be a "spring" (AKA Terminal Shakeout - Wyckoff).
Not an entry yet, simply a possible bottom, need to see a bullish move (jump the creek - Wyckoff), then a small retracement (back up to the creek - Wyckoff) with another reversal candle pattern for entry back up to the top of the channel. This current bar could be a "spring" (AKA Terminal Shakeout - Wyckoff).