Key points :
- Double bottom ignites the breakout
- Breakout from the significant confluence area on high
- Pullback halfway
- Low + indecision
The breakout from that zone, considering the spike in indicates a psychological shift.
The stock retraces halfway, due to profit-taking. That is reinforced by the fact that the shrinks a lot.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***