No if you drop to the 60, you will see a formation and anyone who trades double bottoms, would have entered next bar market hitting conventional target 1s at the . Stops to break even and now you are in a risk free trade looking for target 2s up at the which lines up with previous .
The more conservative traders may have been waiting for extra confirmation and waited for a 2618 which market also gave us. The issue was the risk reward would have been inverse.
Now for anyone trading the day trading time frames, then if you drop to the 15 minute chart, you will see that there is a at market offering a better price entry and in this counter trend move looking for target 1s at the 382 and target 2s at the 618.
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