Reddit: EMA bounce in play, but confirmation week closed down

Reddit is in week 9 of a buy signal, with the trade up 6.81% and 2 of the 3 statistical targets of our most advanced model already reached. However, the confirmation week just closed bearish, and weekly Price Action shows 3 warning signals: contracting volumes, fading body conviction, and an ongoing distribution phase. A trade that holds — but one that calls for active management, not passive waiting.