Real nice double bottom here on ALGO if it holds up. The confirmation of a breakout would be above the 50% retracement and extend to the 2.0 (100% measured move). This would the type of wave structure youd see in the butterfly , with close to a . 786 retracement on B, and an XD extension of 1.27-1.618. I used CD to target the 2.0 extension of the measured move but i would be taking profits on the way up at key levels. If we can hold this level here, i would stop out an look for a new entry.