$AXL is compressing inside a falling wedge on the daily, with $AXL respecting both descending trendlines while volatility continues to dry up. Structure remains bearish overall, but the pattern itself hints at a potential reversal setup.
A clean breakout above the upper trendline would confirm bullish intent and open room for a stronger relief move for $AXL. Until then, it’s still range-bound inside the wedge and needs confirmation.