A potential double bottom that has formed. To see if this is true we need to wait for a break above the neckline to have a true breakout entry.
There is also a daily divergence with the RSI, which is another confluence factor for the long bias with a nice rejection of this daily support level.
Aggressive traders could enter at the break of the trendline...
Price is at an area of resistance. The current Bias is Bearish. There has been a weekly divergence on the RSI, which is another confluence to support this Bias.
On the daily timeframe a head and shoulders pattern has formed and last week the right shoulder has finally broken through support. Breakout traders are long here.
For a more secure entry, pullback...
