$WCT clearly shows a Double Bottom pattern - a classic bullish reversal signal.
Bottom 1: Around $0.316 (July 13)
Bottom 2: Retested same support zone around $0.315 (July 16)
Neckline Resistance: ~$0.348-$0.350
Breakout Zone: If price closes convincingly above $0.350, confirmation of the double bottom breakout
This setup signals potential trend reversal from bearish to bullish
Measured move target = Neckline + (Neckline - Bottom) ⇒ $0.350 + ($0.350 $0.315) = ~$0.385
▲ Watch Zones:
Breakout confirmation: Candle close above $0.350
Rejection or fakeout: Failure at necklin could lead to sideways action or a p to $0.325-$0.330
Rejection or fakeout: Failure at neckline could lead to sideways action or a pullback to $0.325-$0.330
Invalidation: Drop below $0.315 would break pattern structure
