Possible Adam/Eve double bottom

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The pattern appears to be an Adam/Eve double bottom with a breakout target to ~ 120. The price broke out of the Eve on strong volume. The price is currently retesting the price between Adam and Eve. If the price holds 94/95 then hopefully the price action will play out. I am not sure where a SL would be placed, but the risk/reward here is good with a tight SL.

Only negative will be the CPI print next week with its usual volatility.


Not financial advice.

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ملاحظة

.618 still held, I maintain my thesis

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ملاحظة

Was stopped out, bought a call today for the breakout target.