⚡️ Market Context
CFX is displaying a potential Wyckoff accumulation structure, having just touched the Last Point of Support (LPS) a key stage in this type of pattern.
📈 Chart Explanation
Price is now pressing into a critical resistance area, which suggests the structure may be preparing to transition into the Sign of Strength (SOS) phase, the stage that typically confirms accumulation is complete.
🎯 Entry Decision
Confirmation has not arrived yet. The SOS phase is only valid once price breaches the highlighted resistance zone and flips it into support. Until then, this remains a level to watch rather than an entry signal.
💰 Execution Plan
Wait for the resistance zone to be broken and retested as support before treating this as a confirmed Wyckoff SOS. Acting ahead of that confirmation risks stepping into unresolved resistance.
📈 Outlook
A confirmed break and flip of the resistance zone would validate the SOS phase and support the broader accumulation thesis. Failure to breach it keeps CFX range-bound within the current structure.
