FET showing classic accumulation setup. After weeks of tight range trading near the lows, we're seeing smart money absorption kick in. Seller pressure has dried up, and the downside got properly defended by buyers stepping in at support levels.

Here's the key: this rally didn't just materialize from the breakout candle. The real move started earlier, during those consolidation weeks when smart money was quietly loading positions while retail stayed on the sidelines. Strong reaction from support confirms accumulation mechanics at work—not distribution.

When you see this pattern—tight consolidation followed by capped downside and solid support holds—it typically signals conviction building before the next leg up.