Highlighted are high and low pivots
in price. These pivots
are often accompanied with consolidation of Williams %Rs in oversold and overbought conditions. Trades may be triggered with moves of %Rs out of extremes. Recently, W%Rs consolidated in an oversold condition. This consolidation coincided with a potential double bottom
. The next likely pivot
high may follow %Rs exiting a overbought condition after consolidating. Also highlighted are possible median lines for the next pivot
high. . With a move to the upper MLH, this double bottom
may be confirmed.