Oversold with bullish RSI divergence on 1h, 2h and 4h charts, i can expect a retracement to previous structure support now resistance @36.61;
But there's a double bottom @34.61, this last bottom must close above this price to validate.
Where's a double top/bottom, there's a neck, there's a "V" shape also, and so, IF the price breaks the Neck and find resistance synced with previous structure @39.86 it will, eventually, forge a 2618 trade setup:
double bottom followed by a 61.8% retracement, target an AB=CD basic pattern... eventual a 261% extension from bottom to neck movement ;) - Buy the 61.8% retracement...
Major Bearish Gartley Pattern at the end of all this eventual process..., Short it when completed:
GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD