$IXHL MILK CARTON: Have you seen this candle ?
From May 1 to today on $IXHL daily, my “treasure map” shows this coil-up setup has already appeared and led to a major expansion move once, and it’s trying to show again now.
May into June was the reset and base: the early May spike/dump, then the tight dead range marked April 1–June 30.
That coil resolved up starting in early July and turned into the big multi-week run that peaked in late July.
The closest repeat is the late June into early July transition.
Same idea: long compression, tiny candles, then a change of character where price starts stepping higher and volatility expands into a multi-day push.
Now we’re in the same type of coil again, but with an added ingredient: price is pressing into the big descending trend line from the July peak.
If it can reclaim and hold above that line on daily closes, this starts to rhyme with the late June/early July breakout path.
If it can’t, it risks doing what it did after the September pop, where it stayed trapped under the trendline and bled out.
This is why I’m asking people to hunt for that candle and this coil on the daily. Same compression, same placement in structure, and when it resolves the right way it can turn into a multi-day expansion move.
Posted Dec 4, 2025, 2:31 AM UTC