๐$FIL โ Market Structure Read
On higher timeframes, FIL remains in a broad macro contraction following a prolonged distribution and markdown phase. Price has retraced deep into historical demand, where volatility has compressed and range expansion has slowed โ a typical late-stage compression environment after an extended downtrend.
Zooming into the HTF context, price is still trading below key long-term moving averages, confirming that the dominant structure remains bearish. However, downside momentum has weakened, and recent candles show reduced expansion and tighter ranges, signaling structural stabilization rather than continuation.
On lower timeframes, FIL is forming a short-term expansion inside the larger compression โ a common behavior when price pauses within a higher-timeframe range. This move lacks HTF confirmation and remains capped beneath prior breakdown levels, keeping the broader structure unchanged.
Structurally, this places FIL in a rebalancing phase:
not trending, not breaking โ simply reacting within established HTF boundaries.