Market revisits accumulation range as bears refuse to relent, maintaining downside pressures.

Analysis of CoFo Scout Readings

Bulls lacked conviction for a fuller uptrend revival, only managing to drift prices into the distribution zone where forces are now balanced.

Scout continues capturing swelling bear strength. Shorts dominate higher timeframes.

Medium-term, longs still ahead but waning while pockets of short signals emerge.

Intraday vista skewed bearish.

Overall, only global timeframes offer clear Scout slant — fragmentation across other durations.

In such gridlock, prudence dictates awaiting a definitive directional surge — whether before or after range resolution. Positioning based on emerging dominance is better risk management.