The broader picture is still weak, but in the final hour the close quietly crept up to the upper end of the range.$CAKE The latest completed hourly candle went from a 2.236 open to a 2.249 close, near its high; but volume was only about two-thirds of the average for the previous twenty hours. Price is recovering, but few traders are following.

I’m willing to view this as an attempt to find a floor, but not to call a quiet rebound a shift to strength. 2.277 comes from the high of the previous twelve hours; only a full reclaim would count as an extension of the recovery. If it breaks below this candle’s low of 2.227 again, this uptick will have proved to be just a breather.