Jun. 22 at 9:02 PM
$APA still coiled inside a symmetrical triangle, and price action is telling a clear story of compression rather than conviction. Buyers are continuing to defend the rising support trendline, while sellers keep capping moves near the upper boundary. This week’s inside-range candle just adds to the idea that neither side is ready to fully commit yet.
Momentum is still soft with MACD drifting lower, but importantly, bulls haven’t lost structure. No breakdown, no confirmation of weakness yet.
For now it’s a patience trade. The real move starts only when price chooses a direction out of this triangle, and until then it’s just noise inside compression.
