RELIANCE — Falling Wedge at the Apex, Yearly L4 Reclaimed Eight months of grinding lower since that January top near 1,600, and the whole thing has drawn itself into a textbook falling wedge. The range has squeezed from roughly 290 points down to about 95. We are at the apex. Something has to give. ⏳
🎯 The pivot story just got better. With the full yearly CPR on the chart, price has been trading below the entire 2026 value area all year. TC sits at 1,496.3, P at 1,422.2, BC at 1,348.1. Below that, L4 at 1,313.9 broke in February and capped the stock
Long
