CFX Looks Ready to Hunt the Channel Top Again đ„
I like the setup energy here, but I am not chasing the first lift. I want the channel floor to stay alive first.
đ„ Why I am watching
- CFX just reacted off the lower side of a long falling channel.
- The weekly price tag is around 0.05435.
- The call is clear: target the top of that descending channel.
- A magnet is drawn on the upper rail, so that is the story.
đ The part that matters
- Lower-channel touches have shown up more than once on this map.
- Upper-channel tags were the rejection points on the way down.
- The blue path is a projection, not a finished move.
- Pretty chart, still needs the floor to hold.
đŻ My trade idea
- Bias: Long toward the channel top
- Trigger: bounce holds the recent lower-channel touch
- Target: upper rail of the falling channel
- Invalidation: weekly close back through that channel floor
- Confidence: 63 percent
đĄ Where I step back
- I do not chase the first pop off the floor.
- If the lower line fails, the magnet idea is done for me.
- No floor, no trade.
Would you wait for the channel floor to prove itself? đ
Share the confirmation you need before CFX gets interesting.
Not investment advice - research on your own! đ
$CFX
I like the setup energy here, but I am not chasing the first lift. I want the channel floor to stay alive first.
đ„ Why I am watching
- CFX just reacted off the lower side of a long falling channel.
- The weekly price tag is around 0.05435.
- The call is clear: target the top of that descending channel.
- A magnet is drawn on the upper rail, so that is the story.
đ The part that matters
- Lower-channel touches have shown up more than once on this map.
- Upper-channel tags were the rejection points on the way down.
- The blue path is a projection, not a finished move.
- Pretty chart, still needs the floor to hold.
đŻ My trade idea
- Bias: Long toward the channel top
- Trigger: bounce holds the recent lower-channel touch
- Target: upper rail of the falling channel
- Invalidation: weekly close back through that channel floor
- Confidence: 63 percent
đĄ Where I step back
- I do not chase the first pop off the floor.
- If the lower line fails, the magnet idea is done for me.
- No floor, no trade.
Would you wait for the channel floor to prove itself? đ
Share the confirmation you need before CFX gets interesting.
Not investment advice - research on your own! đ
$CFX
