Range Top RetestCTN shaping up for a potential move. Price has been reaccumulating cleanly over the past year and looks ready to test the upper bounds. After the initial rally (SOS), we’ve pulled back to the top of the range, likely LPS territory. Volume’s fading, candle spreads are tight, and there’s plenty of overlap. Bears had their shot to drive it lower, but demand is stepping in. Classic lack of result vs effort.
Trade Scenario
• Wait for the weekly close. If we print a hammer or doji, that’s your cue. Enter on next week’s open with the low of this week’s candle as your stop.
• That setup gives better R and increases the odds that the lows are in.
• If price keeps sliding, look to the EQ of the two demand zones marked on the chart. That’s your next area of interest.
Take Profits
• Keep it simple: target just below the resistance zones.
• Trail the rest using new weekly swing lows to stay aligned with structure.
