IOT Charting, page-237

Nice close

Looks like reversal pattern is about to complete IMO

Example of a reversal pattern below.

http://stockcharts.com/school/doku....nalysis:chart_patterns:double_bottom_reversal


The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. Note that a Double Bottom Reversal on a bar or line chart is completely different from Double Bottom Breakdown on a P&F chart. Namely, Double Bottom Breakdowns on P&F charts are bearish patterns that mark a downside support break.