It retested we are in the move to the down side
After a impulse we expect a exhaustion/retracement than a move to the upside
The over extended W formation We used the fib on the retracement to see how far the market might go after the retracement
We already knew the overall direction of the market we were waiting for it to from bearish MS to a bullish MS
Its clear to see and it confirmed with a double bottom
Wait for the reaction but in already looking for a trade to the upside
A simple text boo⁰k example of a double bottom