Controlled Pullback + Spring Structure EmergingAtlas ArteriaASX_DLY:ALXAlvinDeo96ALX continues to hold up well. Price has been pulling back in a controlled, overlapping manner since June 2022, with declining volume throughout the entire correction. That behaviour typically reflects a lack of aggressive supply, not distribution. April 2026 printed a clean sweep of the lows with a strong close and strong volume classic signs of buyers stepping in. The only caution flag: the Spring of the local red range shows higher volume than the Selling Climax, which in Wyckoff terms suggests we should expect a Test to confirm demand before any sustained markup. On the larger orange range, April’s candle also looks like a terminal shakeout, potentially clearing the final weak hands before a broader trend transition. Trade Scenario Aggressive entry: Enter now with a stop under the April low. Conservative entry: Wait for a Test of the red range Spring to confirm demand before committing. Both approaches are valid depending on risk tolerance. Targets Respect the range highs as the first major objective. Trail stops using weekly swing lows if price transitions into markup, price can move quickly through the range.