Security has formed a Double Bottom Pattern, and the Double Bottom Pattern is a Reversal Pattern. A short-term change in trend can be expected in the security once the security closes above the trendline. 

Currently, the Fast (21) and Slow (50) EMA are trading near the price, for confirmation the price should trade above the EMA's.

DI+ is trading above DI- indicating a positive trend in the security and ADX is trading above DI- which indicates strength in the move.

Advice:  Enter long if the price closes above the neckline.

Double Bottom

Aug 28 2023