-Strong weekly/monthly resistacne level -Forming a double bottom - There is also a nice ABCD pattern forming (green arrow representing CD) - falling wedge with the critcial distace 55-65% intersecting with double bottom. - the 0.3821 level is made up of the kneckline resistance/channnel resistance and weekly support from march last year. -This could be a very tough zone to push through and if it doesnt im still winning. im aiming for a full 0.618 retracement. - Note this may be where many would prefer to enter once there is a breakout confirmation above this 0.318 level. - Healthy Risk reward ratio. highly profitable either way