ALGO - Easy Buy Setup

ALGO is testing a new bottom as the downtrend looses steam, this is the perfect time to watch for trend reversals.

The bottom rectangle is the area in which a candle must close to confirm a double bottom pattern. After that, the local resistance needs to be broken to confirm a reversal pattern.

If so, a buy setup forms on the buy zone retest.

Target: $1.35 - $1. 40
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