Yes that`s pretty much exactly right! ..there`s a few of these around at present and I`m gathering a list of them,.the ideal ones are a zig zag on the w2 obviously, but lets see how these go..I think the problem we`ve had in the past is looking for these a bit too randomly rather than right down at the bottom like this.?..the double bottom (or close to) and 12 month high seem to be mandatory now.