Weekly Engulfing Candle at Channel Support – Correction Over? Expand Energy CorporationBATS:EXEibraheeemzSometimes the cleanest setups are the most effective. After months of correcting from its all-time high, EXE has pulled back to the lower boundary of its long-term rising channel—a trendline that has acted as dynamic support throughout this multi-year uptrend. This week, buyers stepped in exactly where they needed to. The result is a strong weekly bullish engulfing candle, suggesting demand is returning at a key technical level. Bullish engulfing patterns carry even greater significance when they appear at established support, and this setup checks both boxes. Why I'm bullish ✔ Long-term rising channel support holding firm ✔ Strong weekly bullish engulfing candle ✔ Reversal occurring at a major technical confluence As long as the channel remains intact, the broader uptrend remains intact. Levels I'm watching 🎯 97 – First resistance 🎯 110 – Intermediate resistance 🎯 120 – Previous major high and primary upside target A sustained move above these levels would confirm that the correction has likely ended and that the next bullish leg is underway. Invalidation The bullish thesis remains valid as long as EXE holds above 85 on a weekly closing basis. Losing the channel support would weaken the long-term structure and increase the probability of a deeper correction. Sometimes, all a chart needs is one clean support test and one convincing reversal candle. This could be one of those moments. What do you think? Has EXE completed its correction, or will the bulls need one more test before resuming the long-term uptrend?