"Both "potential" double bottom and double top patterns in play."
I think I asked this before, but how certain are you about your above statement?
Now you adding a double top to the equation, but let's deal with the double bottom first:
1. The double bottom looks like the letter "W" => Tick
2. The twice-touched low is considered a support level => which one, because both 64.5c or 70c were touched the difference is 5.5c or 8.5%
3. The advance of the first bottom should be about 10% to 20% => not 42.6% like in this case
4. The second bottom should form within 3% to 4% of the previous low => not 8.5% like in this case
5. The volume on the ensuing advance should increase => which is more than questionable in this case
AVZ chart, page-12929
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