Once the ABCD pattern is identified on the exchange rate chart of a currency pair trading in the forex market, traders can use it to identify potential trading opportunities and initiate trades.

The double bottom pattern provides a minimum target of 24.06, just based on the pattern. You can see on the chart that a potential resistance zone from 23.52 to 23.59 would have to be exceeded first.

Crude oil tested key resistance at $69.97 before pulling back, signaling potential consolidation, but bullish signals suggest further upside towards the $70.61–$70.81 target zone.