Coiling for Expansion: $ACM at a Critical Convergence
Guys, watch $ACM closely. The chart is painting a textbook high-tension pattern: a steady series of higher lows along a clear ascent, now compressing directly into a major horizontal resistance ceiling.
This is where trends are born or broken. The structure shows persistent buyer accumulation on dips, while overhead supply is being tested repeatedly. Each test consumes sell orders, weakening the resistance. The energy compressing in this wedge cannot sustain sideways forever—it demands a resolution.
When the ascending support line and the horizontal resistance line converge, the resulting breakout tends to be sharp and directional. The setup is mechanically clean. The next decisive candle will likely dictate the medium-term trend.
Momentum is coiling. The structure is set.
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