$SXP just completed a classic reclaim-after-abandonment behavior. Price spent hours drifting under declining micro-trend structure, letting sellers get comfortable. The key shift wasn’t the breakout candle, it was the compression: candles got tighter, wicks narrowed, and volume dried that’s the part where the market runs out of willing sellers before it runs out of buyers.

Once compression reached minimum, it didn’t break down it snapped up. The reclaim above 0.047–0.049 flipped structure from “ignored alt” to “respected participant.” The expansion leg that followed was clean: minimal upper wicks, aggressive bid-chasing, and volume surging from background levels to peak levels. That’s how reclaim candles usually behave: they force consensus to adjust.

Now SXP sits in the post-expansion calibration phase. This phase is quieter but more important it tells you if the reclaim was accepted or rejected. If 0.0495–0.0510 holds as a bid zone and volume doesn’t evaporate, the tape confirms acceptance and the next rotation becomes a math problem, not a hope trade.

If it fails that zone, the breakout becomes a “displacement anomaly” and the move unwinds back into prior structure.

Breakouts make money. Reclaims build conviction.