$CHZ has spent more than four years moving inside a massive compression structure

Every rally was sold

Every breakout failed

Now price is sitting at the exact point where both long-term trendlines converge

What makes this chart interesting isn’t the current price

It’s the amount of energy stored inside this formation

A confirmed breakout would mark the end of a multi-year downtrend and put the previous cycle highs back on the radar

The biggest moves rarely start from strength

They usually begin when an asset has been forgotten for years