MESM analysis for Friday, June 5
MESM is still trading inside a range around 7557, but for me the structure stays constructive as long as key support keeps holding.
On the 4H chart, the main downside level I’m watching is 7525. If I want to stay bullish, then I do not want to see a 4H candle close below 7525. If that level fails, then I think price could continue lower toward the 7500 area.
On the upside, the first target I’m watching is 7611. If bulls stay in control after that, then the next upside target is the previous all-time high around 7632.
On the 1H chart, the key reclaim level for me is 7580. If price can close above that level, then I think the market has a better chance to continue higher into 7611 and possibly 7632.
On the 15M chart, I’m watching the same idea. A confirmed reclaim of 7580 could open the door for a buy setup, with 7611 as the first target.
Key levels
7580 = bullish reclaim / trigger
7611 = first upside target
7632 = previous all-time high
7525 = must-hold support
7500 = downside target if support fails
So for today, my plan is:
Stay constructive while price holds 7525
Watch for reclaim above 7580
If bulls confirm strength, watch 7611 first and 7632 after that
If support fails, watch for downside toward 7500
Not financial advice. No confirmation, no trade.
MESM2026
MESM is still trading inside a range around 7557, but for me the structure stays constructive as long as key support keeps holding.
On the 4H chart, the main downside level I’m watching is 7525. If I want to stay bullish, then I do not want to see a 4H candle close below 7525. If that level fails, then I think price could continue lower toward the 7500 area.
On the upside, the first target I’m watching is 7611. If bulls stay in control after that, then the next upside target is the previous all-time high around 7632.
On the 1H chart, the key reclaim level for me is 7580. If price can close above that level, then I think the market has a better chance to continue higher into 7611 and possibly 7632.
On the 15M chart, I’m watching the same idea. A confirmed reclaim of 7580 could open the door for a buy setup, with 7611 as the first target.
Key levels
7580 = bullish reclaim / trigger
7611 = first upside target
7632 = previous all-time high
7525 = must-hold support
7500 = downside target if support fails
So for today, my plan is:
Stay constructive while price holds 7525
Watch for reclaim above 7580
If bulls confirm strength, watch 7611 first and 7632 after that
If support fails, watch for downside toward 7500
Not financial advice. No confirmation, no trade.
MESM2026 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.