We've only made it to the 1.13 so far, and at that point the (C)-(D) leg was too shallow to be a shark , leading me to believe we could see another move down to the 1.27. I do like the confluence there, but if we get some legs here and break back above the inflection, id consider that a failed downthrust, double bottom reversal if can manage a higher high locally and confirm the double bottom. Target on the confirmation would be the measured move, or a 2.0 extension from here.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.