Oct. 24 at 5:23 PM
$CLS
This is not investment advice. It's just something my goldfish told me.
Micro Action (1-Min Chart)
Range compression: The price is locked between
$298.75–
$300.25, basically oscillating within a
$1.50 band for a long stretch. That’s tight consolidation, which means the market is coiling.
Repeated rejections near
$300.50: You can see multiple small wicks to the upside that instantly get sold into — that’s short-term profit-taking or algo resistance at
$300 psychological level.
Higher lows creeping in: Despite those rejections, notice the pattern of tiny green candles that keep forming a rising base just under
$299. That’s quiet accumulation — institutions testing the wall.
Volume tapering: Volume is dropping off sharply after the morning spike, classic pre-earnings pause — no one wants to load big size until the catalyst hits.
