The Trust Layer for Market Analysts

The SUIUSD chart is currently in a sideways consolidation phase, positioned above a critical support cluster around $1.41 on the daily timeframe. This support level corresponds to the 50% retracement and 100% extension of larger price movements. A short-term bounce into the resistance zone, estimated between $1.67 and $2.21, is deemed probable. This upward movement is interpreted as a C-wave within a broader Wave 4 correction, which is expected to precede a fifth wave decline towards the $1.07 to $0.91 range, with additional support at the 61.8% retracement level of $1.02. The December 18th low, specifically at $1.32, is identified as a pivotal short-term support. On the 1-hour timeframe, the market is potentially forming a 1-2 setup, anticipating a third wave upward. Micro support is identified between $1.34 and $1.38. The formal invalidation for this short-term bullish thesis is a break below $1.327. If this level holds, a test of the December 3rd swing high at approximately $1.80 is expected. A price movement above $1.46 would signal an initial shift in momentum favoring bullish sentiment.