Long-Term Analysis of SUII've used multiple timeframes — from 15-minute to 4-hour, 1-day, and 1-week charts — to create a comprehensive technical analysis. Based on my observations, there's a high probability that SUI is forming a “castle” structure (likely referring to a complex correction or distribution phase), but I don't expect it to reach the top of the previous high. The presence of large candles and significant gaps in the past suggests that the move was driven by momentum rather than sustainable trend, and such impulsive moves usually don't last long.
I've identified the key order blocks and marked the FVGs (Fair Value Gaps) for you. Elliott Wave structures are also drawn. I even placed a sample order for beginners or those who don't want to spend too much time analyzing.
In summary, we're currently in an Elliott Wave correction phase.
That's it for now — I’m tired and heading for my afternoon nap.
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