We've been looking at this as a "Bearish Rectangular pattern, and it could very well be that. But I'd like to give everyone a new perspective on what may be building inside of this rectangular pattern. Now, we do not have definitive islands to determine the best type of divergence. But you can't deny that this looks bullish whatsoever. Now, I am going to call this a potential double bottom and just kind of ignore the two other swing lows prior to my depicted circles. I think that price action is too choppy to really bring into account towards anything. So, I'm just going to call this a potential double bottom rather than a triple or quadruple Double Bottom. The measured move of this ironically brings us exactly back at prior support at around $9600ish as resistance now which also coincides with the .618 retrace. With these swing lows, you have created higher lows regardless of not having separate islands. Not only that, you didn't even show any negative momentum in the last sell off. Looking kind of bullish guys. Just some food for though for everyone looking at 6800-7400 right now which remains a possibility of course. But you have all of these assets already showing Daily Bullish Divergence/Convergence.
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