$SUI
A temporary upward bounce will occur from 0.9550 towards 0.9620 - 0.9650.
Warning: This bounce is the "trap." Its purpose is to cool down the indicators (StochRSI) and mislead the market into thinking it is recovering. The second phase: the knockout (The Breakdown)
After the slight bounce to 0.9650, the downward trend on the 4H will reassert its dominance.
The price will drop again to break 0.9550 with a genuine and violent break. The third phase: the ultimate target (The Ultimate Target)
After breaking 0.9550, the "lower door" (Trapdoor) will open because the area below this number is devoid of strong supports (Volume Void).
The next target at 80% is:
🎯 The area between 0.9150 and 0.9200.
Why 0.9200?
Market Structure: It is a previous "historical demand" area preceding the major upward wave. Price extension: The downward wave from 1.05 to 0.9550 is approximately 1000 points. Repeating the same momentum after the break takes us to 0.9150 - 0.9200.