Watching $FORM here. Bullish engulfing candle printed right at a high volume node — classic setup when price finds support where real accumulation happened. If we get another strong candle confirming follow-through, this could leg up fast.
The play is simple: volume node acts as a springboard, engulfing shows buyers stepping in with conviction. Invalidation is a quick break back below that node. Not chasing — wait for confirmation or size accordingly if you're already in.
Fits the breakout playbook: let structure do the work, manage the downside, and let winners run if momentum confirms.
The play is simple: volume node acts as a springboard, engulfing shows buyers stepping in with conviction. Invalidation is a quick break back below that node. Not chasing — wait for confirmation or size accordingly if you're already in.
Fits the breakout playbook: let structure do the work, manage the downside, and let winners run if momentum confirms.
