AVN – Weekly Double Bottom | Medium-Term Trend Following towards Long Swing

Technical Overview:

AVN is forming a potential double-bottom pattern on the weekly timeframe following an extended downtrend. Price is attempting to establish a reversal structure after breaking above the descending trendline and a previous potential resistance zone.

This breakout may indicate a shift in market structure from bearish to bullish. The weekly double-bottom formation remains the key pattern to monitor, with further upside potential if the breakout holds.

Key Levels:

• Entry Reference: 34.50
• Stop-Loss Level: 25.90
• Target 1: 43.00
• Final Pattern Projection: 53.00

Technical Outlook:

A sustained move above the breakout area could support a recovery toward 43.00. If bullish momentum continues, the measured-move projection of the weekly double bottom points toward 53.00.

A move below 25.90 would invalidate the current trade setup.

Timeframe: Medium-Term Trend Following towards Long Swing

This analysis is for educational purposes only and is not financial advice. Apply appropriate risk management.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →