that is a classic inverse head and shoulders pattern. it meets all criteria. 2.79 is "neckline"/horizontal top of triangle. draw a trendline connecting 5/11/10, 8/27/10, 11/4/10 lows of day (on HLC daily). what you will see is that this extreme level of support today sits at 2.24 ( upward sloping of course) might not get that low, but if it does keep your eyes open. primary support around 2.29 or so. of course this pattern could fail, however i dont think its likely. good luck. check out the charts below.

simple illustration of an inverse head and shoulders pattern.