May. 7 at 3:19 PM
$CELC watching this tape and it feels like a clean mechanics setup more than anything emotional.
Price action looks like it may want to backfill that gap area first before any real expansion move shows up. That’s pretty common — market likes to “clean up” inefficient zones before it commits to the next leg.
Right now there’s no urgency in price, more like controlled drift. If we do see a full gap fill, the key question becomes whether buyers step in aggressively there or if it just keeps rotating lower into balance.
Bigger picture hasn’t changed — but timing matters. Sometimes the market needs that reset zone before it reacts to whatever comes next on the news side.
Let price finish the structure first, then reassess.
👉If this helps, tap @capitalthinktank
