$SUI


A potential triangle structure has been added, which could lead to another marginal low if wave E completes and price breaks lower. The market remains clearly within a range, currently trading near the midpoint. From this position, another test of the lower support zone remains possible.
Range conditions require flexibility, and precise wave labeling becomes less important than identifying impulsive characteristics. At present, there is no confirmed 5-wave advance from the Tuesday low, which limits confidence in a sustained upside breakout. The structure remains overlapping and corrective.
Price has also broken below the first micro support that was maintaining the short-term bullish potential. This weakens the immediate upside interpretation and increases the probability of another move toward the lower boundary of the range.
SUI-3.89%
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