MESU July 6: Triangle compression, pullback to 7480?

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MESU analysis for Monday, July 6

MESU is still trading near the upper resistance area and under the trendline from last week. From the higher-time-frame view, price still looks trapped inside a triangle compression, so for me today favors a pullback-first scenario rather than an easy breakout.

On the 4H chart, the main downside level I’m watching is 7480. That is the first area where I expect buyers may try to step in again if price starts rotating lower.

On the 1H chart, the key trigger level for me is 7537. If we get a 1H close below 7537, then I think continuation lower toward 7480 becomes more likely.

On the 15M chart, the key short-term reclaim level is 7573. If bulls can get a 15M close above 7573, then I would need to shift the short-term tone from bearish to more neutral.

Key levels

7573 = short-term reclaim level
7537 = 1H downside trigger
7480 = downside target
Trendline = overhead resistance
Triangle compression = still in play

Plan for today

Respect the resistance overhead
Lean toward a pullback first
Watch 7537 for downside continuation
Watch 7480 as the first downside target
Reassess short-term tone if bulls reclaim 7573

Not financial advice. No confirmation, no trade. MESU2026

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