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$VFY


$VFY is sitting in a heavy capitulation zone after a full daily retrace.


Price dropped from the 0.01120 wick high into the 0.0059–0.0060 region, but that is exactly where reversal setups usually start forming. The selloff has already flushed a lot of weak hands, and the current candles are starting to slow down near the lows.


The first important reclaim is 0.0061. After that, 0.0077 becomes the breakout confirmation zone.


If buyers defend this base, $VFY can turn this correction into a strong recovery setup. The chart is ugly now, but ugly charts near support often create the best reversal moves.


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