MESM May 6: Bullish bias with pullback into FVG zone
MESM analysis for Wednesday, May 6
MESM made a fresh overnight high around 7367, so for today my bias is still on the buy side. But even with that bullish structure, I’m still expecting the possibility of a pullback first.
On the 4H chart, the key level for me is 7293. If bulls want to stay in control, then I do not want to see a 4H candle close below 7293.
I’m also still keeping 7200 marked as important downside liquidity, while 7079 remains the bigger weekly level I’m watching in the background.
On the 1H chart, there is a fair value gap inside the green highlighted zone. On the 15M chart, that same fair value gap is aligning well with the higher-time-frame structure, which makes this a very important reaction area.
Because of that, I think there is a strong chance price may revisit the green FVG zone after the open before deciding whether to continue higher.
Key levels
7367 = fresh overnight high
7293 = must-hold support for bulls
Green zone = 1H + 15M fair value gap reaction zone
7200 = downside liquidity
7079 = bigger weekly level
So for today, my plan is:
Stay bullish while price holds above 7293
Watch for a pullback into the green FVG zone
If buyers react well there, then look for continuation higher
Not financial advice. No confirmation, no trade.
MESM2026
MESM made a fresh overnight high around 7367, so for today my bias is still on the buy side. But even with that bullish structure, I’m still expecting the possibility of a pullback first.
On the 4H chart, the key level for me is 7293. If bulls want to stay in control, then I do not want to see a 4H candle close below 7293.
I’m also still keeping 7200 marked as important downside liquidity, while 7079 remains the bigger weekly level I’m watching in the background.
On the 1H chart, there is a fair value gap inside the green highlighted zone. On the 15M chart, that same fair value gap is aligning well with the higher-time-frame structure, which makes this a very important reaction area.
Because of that, I think there is a strong chance price may revisit the green FVG zone after the open before deciding whether to continue higher.
Key levels
7367 = fresh overnight high
7293 = must-hold support for bulls
Green zone = 1H + 15M fair value gap reaction zone
7200 = downside liquidity
7079 = bigger weekly level
So for today, my plan is:
Stay bullish while price holds above 7293
Watch for a pullback into the green FVG zone
If buyers react well there, then look for continuation higher
Not financial advice. No confirmation, no trade.
MESM2026 
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.