Technical indicators signal a Double Bottom forming. Verify the setup on the chart.
Reversal pattern after a downtrend.
CME is showing interesting structural developments at $246.38. Price has moved to $246.38 (-2.44%) amidst recent volatility. Algorithmically, a Double Bottom structure has completed. The trend indicator is reading 32.1/100, suggesting moderate momentum. A potential breakout level is identified at $306.42, targeting $369.54 with support near $274.86 (R:R 2.0).
What is your outlook on CME?