We may be seeing the breakout of an inverse head and shoulders here; it is a pretty ugly looking pattern but I'm pretty certain that's what I'm looking at. It looks like the neckline is the blue sloping line, which if correct has just begun to breakout now. A break above that line has turned into a congestion zone and retest. Volume on the left and middle shoulder is raised so this appears to be textbook in that regard. I'm looking for this to run up to the orange support line which I think would define the true end of the pattern better. A break above that point would indicate a rise and potential a new medium term trend.
I get 4 touches if I do it the way I’ve done it. There is a congestion zone just before it enters the first shoulder that you’ve not picked up. End of the day, it’s chart trading and it’s subjective anyway. If you’re making money doing things your way I’m not going to criticise you.