Double Bottom

Double bottom forming if the SP can close between .050 and .053 then reverse to up-trend.
If there is an up-trend from .050 -.053 then we can expect a decent run up.

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The double bottom broke down.
The SP trend is now in a 6 month consolidation between .050 -.075.
For entry I would be looking for a breakout above .075 or around the .050 support.