Consistent rejections can be seen along the 2.618 circle line (red hammers)
Drawing the major trend line we can see bottom formations continually forming a long here
Right now the bottom formation present is more reliable than ever due to its placement in relation to 1.618 fib
A double bottom will form on this Weekly chart and reject upwards
Market looks like it may be ready for some upside after hitting bottom, consider stocking up, lookout for green in volume on lower timeframes.
Trade at your own risk..
