@V* Could maybe be a tweezer bottom you thinking of? Tweezers...

@V*

Could maybe be a tweezer bottom you thinking of?

Tweezers

Another pattern that serves advance notice of a change in trend is technically a two-bar reversal, known as a Tweezers Top or Tweezers Bottom. This pattern, also based on Japanese Candlestick analysis, occurs when two consecutive trading bars produce identical high points (at the top of a bull trend) or identical lows (at the bottom of a bear trend).
The market does not have to close at the highs/lows (although it can) but the two extreme highs/lows have to be back-to-back with identical (give or take a few ticks) highs/lows to one another.
Unlike a Key Reversal, the Tweezers Top rarely forecasts a major change in trend - only a correction - but this can still be a significant retracement of the previous market trend. (Look for retracements to the magic 38%, 50%, 62% areas.)

Thought would chuck up a slightly stripped back chart with what you pointed out with a FIB and the Gap it may want to close first (seeing so close to the price action now) before hopefully bouncing for holders.

If it can actually get back to the 38.2 or more next week or 2, it will take it back into the Kumo (green cloud - which is now resistance) but is thinning ahead so resistance should weaken by then.

All the best into 2016...