Market structure doesn’t lie. 📉📈
Watching $ALCX on the 15m timeframe. We saw a tight consolidation phase followed by a rejection of the lower levels. Now, price action is testing the upper Bollinger Band ($7.64) with volume stepping in.
When volatility compresses like this, an expansion move usually follows. If we break and close above that upper band, we could be looking at a solid continuation. Keep this on your watchlist. 📝
