I think this might turn up into a Wolfe wave pattern so I went long and will add as we break resistances in low time frames.
Comment:
I don't like how it is accumulating for a long period of time at the bottom so I got out flat of my initial position. I am treating this as a straddle trade because I will enter long if the current formation gets penetrated to the upside and will short if we break the lows again.