***My opinion, but I believe you have your points wrong. You have (A) marked as the first point of the defending triangle. But you need to look that what you have as (A) should actually be 5. Which starts the correction. So B should be A, C should be B...so on and so forth. So actually this is not a bearish contracting triangle pattern, but a bullish contracting triangle pattern, since E ends up being bottom where you have drawn the down arrow.
Daapstaaf
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So to be clear for people who click on this idea: We are going UP?
You scared me lol
ernieadvincula0707
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Got it. Thank for correcting
What about double top does it matter?
ShawnAkers
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@ernieadvincula0707, My pleasure! Since its in a Bullish Contracting Pattern we should be good. Let's cross our fingers.