You forgot the Part about retesting the resistence..We dip..then go back up to short term target of $180 where we channel up and down for a while before heading further up.
monsRUS
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not the right idea
The first depression is in the same place as the second one
Revolving model W - This model is formed after a downtrend (downward trend). A distinctive feature of this model is the location of the valleys (local minimum prices): the first depression is lower than the second. This arrangement suggests that the trend has weakened and can no longer support the price drop.