It looks like bumcheeks
More seriously, the timeframe business is really about the scale of pattern recognition - a two week double bottom in the daily may not signify much in the weekly/monthly so is a short term reversal signal that may be contradicted by larger trends.
I don't make price predictions from the price action (except fib retraces as they are so reliable), so I don't know much about necklines etc.
Here's our bumcheeks:
Note the red candle marked by the arrow. This was a day of large price movement with lower volume. Hence the OBV has moved up, and continues to do so, displaying divergence. I interpret this as a fall in selling pressure, while buying support remained at the same level of 63c. So sellers are exhausting themselves (at least within this data, there may be more supply waiting to be released).
This interpretation is supported in the movement up since, hopefully meaning buyers are stepping into the vacancy left by less supply. To me, that's the relevance of the right cheek having weaker selling.
Switching to the weekly data the double bottom is absorbed into a low point in a wave of an uptrend.
I added the fib retrace to this one to show how well it conformed. Top rung bounce = sign of strength. I find the rungs usually align with support lines. However, it's hard to pick what's up next. Double top prior to spin out of LLL, then revaluation of FFX? Could be.
