Archean Chemical – Broadening pattern and the CT ? 🟢A classic case of a broadening formation playing out on the higher timeframe (MTF). The green lines represent the broadening range, with price recently respecting the lower boundary — evident from the two support touches marked with 🚀 icons, each forming slightly lower lows before rebounding.
🟢 The current candle is testing a counter-trend (CT) descending trendline breakout, visible clearly after a prolonged series of lower highs. While the candle is still in progress and hasn’t closed, the structure is showing signs of compression toward the mid-zone of the broadening pattern.
📌 Upper and lower spaces remain open, highlighting the broad-range volatility typical of this setup.
No forecast — just structure. 📊
