SHAUSDT chart sums up 2 of my favorite chart patterns...
Double bottoms with wedge breakouts are always potent patterns to trade IMHO. This one looks really good. One can wait for another leg down before looking for a buy signal but today's candle looks like it will be a nice bullish candle which can be a buy signal too (better to wait for the day's close).
First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
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There it goes!
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