$NIGHT is showing early signs of base formation after extended consolidation.
Selling pressure appears exhausted as volatility compresses.
This type of structure often precedes a slow grind higher.
Holding above recent lows keeps the bias constructive.
Traders should avoid over-leverage in this phase.
Confirmation comes with a clean push above the range high.
TG1 marks short-term relief.
TG2 aligns with previous rejection.
TG3 represents full structure completion.
