USD/SEK 4H Chart: Double Bottom

Pair is posing for a rally as this is the main expectation from the Double Bottom pattern; pair fails to reach new low (twice) and returns to the previous levels. At this moment this would constitute for a move of an  approximately 3500 pips. Although pairs appreciation after the second bottom is not as steep as one would like we can see that similar situation occurred after the first bottom. Fibonacci retracements (beginning of the pattern to the first bottom move) seems to be having significant impact on the pair (Fibo 23.6% kept the pair depressed after the first bottom and is doing the same now; pattern's resistance is just 50 pips away from the 50% retracement).