The present ASCENDING SCALLOP pattern on the monthly EURUSD chart is lookin' more and more like the ASCENDING SCALLOP pattern of the early 2000's each compete with a TRIPLE BOTTOM.
In fact, even the TRIPLE BOTTOMS in both patterns are very similar. As in the early 2000's, I see 3 descending peaks (3 black arrows) until the 4th peak (blue arrow) breaches the highest of the previous 3 peaks. In our recent pattern, the 4th peak breached the 1.1714 level which was the highest of the previous 3 peaks.
After the ensuing pullback in the previous pattern there is a spike to a level beyond the left rim of the shell of the scallop. We are now in the pullback stage prior to the spike beyond the rim of the scallop's shell.