Projecting Double Bottom Reversal Pattern
It looks like we could be in the downward phase of the second bottom of a double bottom pattern.
Projected price bottom out: 350-360
Supported bottom: 360-380
If these levels are reached in the next few days / week, look for the price trend to reverse and test the neckline in the next month.
A new bull run is signaled if there is a breakout above the neckline.
Bull run projected September-December. (Likely not as aggressive as last year)
Projected price bottom out: 350-360
Supported bottom: 360-380
If these levels are reached in the next few days / week, look for the price trend to reverse and test the neckline in the next month.
A new bull run is signaled if there is a breakout above the neckline.
Bull run projected September-December. (Likely not as aggressive as last year)