Double bottom sighted...
Nothing changed from the first post of this.
As the rules mention, we have a potential double bottom, but confirmation via several criteria are needed to confirm. These include what volume does coming off the second bottom and breaking resistance that should exist at the approximate high of the rebound from the first bottom.
Right now I'm watching rule 5 as the volume off the "bounce" is not yet meeting the criteria of "... clear evidence that volume and buying pressure are accelerating during the advance off of the second trough".
For me, I tend to follow the suggestion they have in the summary after the enumerated rules: "Give the pattern time to develop and look for the proper clues".
MHO,
Bill
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