channel lines, page-12

This is not a Double bottom, it can only be one if increasing volumes build with an increasing price that takes out the reaction high, also it may be getting a bit long in the tooth. Any significant price break of this present weekly low or was that the monthly, cant remember, will also invalidate this suggestion. Wonder what will appear next. If, the reaction high is taken out, one can add the price difference from the lows to resistance, to the resistance price for a price target. Also if it is successful you could likely see the resistance turned into support and that would be in the form of a successful test, then would be a good time to close short and/or open or add to longs. Until then these wishy washy thoughts of this being a 'double bottom' will be just that, nothing, just another grab.