Totters my thoughts for what they are worth.Close on support...

Totters my thoughts for what they are worth.
Close on support plus the obvious trendline.
Could it also be a rough flag pattern? My studies on flag patterns show that you can be pretty liberal with your lines.
If this is to be another higher swing low in keeping with Mclarens work a 4th higher swing low would be a great entry point. He labels the first low as 0. So if the share price was to rise from here it would be labelled a 2.

Playing around the following would be nice to see happen
Now if this opens lower on Monday and breaks support at 56 then recaptures 56 at a latter date then sells off back to the support of .56, this would give us a 4th higher swing low(labelled 3).Inturn giving us Mclarens favourite entry point. It would be nice if it was this easy :)