Replies to post #231 on Pattern Charts - DOUBLE BOTTOMS

[sharpshorts]

Hi kittycattt...nice looking chart, looks like a well-defined-bottoming process to me...
I'd call it an unconventional 2B Dragon pattern.
The drop from top at A to the bottom at B went like a hot knife thru butter...There's a lot of "free air" above C
which is about at the same level as where price is heading now -- the current down trend line.

Even though it's currently O/S, I'd enter now...might miss it you wait for a pullback...
(ie a Dragon's "Head" consolidation might form below the trend line...)
The recent up thrust looks strong so it may not give you that chance.

If it breaks-out:
The "HUMP" is the next target area, then the 200 EMA are natural resistance zones before the final run to the "Top of the Tail...