UNI is attempting to form a double bottom, and finally establish some structure. It is possible that we see a bullish break out if a strong double bottom formation occurs.
Note
It broke down off the trend line and support failure. Now we see if it will form a new double bottom. The last one didn't have quite enough velocity.Note
A new double bottom formed. A bit more velocity but still not quite enough to flip sentiment...yetNote
2nd double bottom failed, new one trying at the old support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.