$M — Early Reversal Setup After Consecutive Pullback
Setup: Long
Market Observations:
Price has declined over the past 10 days, forming a monthly double bottom on the daily chart. Intraday analysis (1H) shows a clear intraday double bottom forming. The second bottom has just completed, and upward momentum is emerging.
Commentary:
This pattern suggests a potential early reversal. Traders may consider entering on confirmation of the upward move, with disciplined risk management, as the structure signals buying interest.