i like the double bottom scenario before looking at much longer...

i like the double bottom scenario before looking at much longer term uptrend, but lets assume that this is the bottom around 30cents, then we can assume we wont be forming a double bottom but maybe a inverted head and shoulder pattern....

but you can take a position on a head and shoulder break until price rises and break the neck line which is around .37 on the weekly... maybe thats what setting up now, this would give reason to why a double bottom is not going to happen and a valid reason for just a higher low which will be the beginning of the moves to new highs....