- Overall trend is bearish. The market is at a daily support zone, and has rejected it 3x. Could possibly be a double bottom forming, however its too soon to be certain. A pinbar rejecting candle and a doji have also formed at support on the 4hr tf. There is also a pinbar on the daily tf. If the double bottom is completed, I’m biased for a buy after the break and retest of the neckline, which also happens to be another daily s/r zone. I will hold off on trading, until I see more confirmation.