Took in consideration the previous bullish impulsive move to the upside before price started the corrective phase. After a push we always have an exhaustion, followed by a continuational push to the upside. We also have a descending structure within a descending structure, therefore there's confluence, meaning higher probability for price to break to the upside(patter recognition and pattern strengthening ).Taking this a step further we could see the formation of a potential double bottom chart pattern, confirming the bullish move out of the corrective structure to the upside.
Kommentera:
also spotted the tweezer bottom dual candlestick reversal pattern.