There are two patterns appearing on Audio, one being the double bottom and off to the right you can see a cup and handle forming. We are hoping for a retest of the top on the cup and handle pattern as this will give us a much better entry.
If we are able to get the retest the target for the cup and handle breaks us out of the double bottom pattern and may give us an opportunity to add to the trade at the second entry point. If we do not get a retest of the C&H pattern the best entry would be the second for the double bottom breakout. Based on the indicators it looks like we will get the retest of the C&H pattern.
If we are able to get the retest the target for the cup and handle breaks us out of the double bottom pattern and may give us an opportunity to add to the trade at the second entry point. If we do not get a retest of the C&H pattern the best entry would be the second for the double bottom breakout. Based on the indicators it looks like we will get the retest of the C&H pattern.
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