Tony Capasso

$SPPP $SPPP printed a decisive bearish engulfing candle last week, a classic signal that momentum stalled at higher prices as supply overwhelmed demand into the close. From a structural standpoint, this does not invalidate the broader uptrend, as price remains above rising trend support and key moving averages, but it does shift the short-term psychology from aggressive dip-buying to caution and patience. This type of candle often marks a reset, where late buyers are forced to reassess risk while stronger hands wait for price to come to them. The high-probability focus now shifts to whether bulls defend ascending support or step in around the key moving averages, signaling that demand is still in control of the trend. Until that reaction is visible, this is not a candle to chase to the upside. The edge here comes from waiting to see if selling pressure fades and a clear bullish pivot or reversal candle forms at support, confirming that the uptrend is being respected rather than assumed. Join our daily technical analysis video coaching sessions, where we take a straightforward, no-nonsense approach, focusing solely on price action without overloading charts with unnecessary indicators. We review commodities and provide chart-based entry signals and setups at goldeneyeanalysis.com. Check us out on discord: discord.com/invite/e4PEY2UcE… $PLG $SBSW $IMPUY $ANGPY $NHYDY $SILJ $SIL $PAAS $HL $CDE $WPM $KGC