Starting with a clean chart...
A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag .
I zoom in on...
US10Y on this daily timeframe shows a large descending scallop
On the right another example of this pattern is shown, however just it has been completed
Descending Scallops are a bullish reversal pattern
