$MU is climbing back toward its June high after a clean bounce off structure.
Price ran from $1,065 and is eyeing $1,100 next, then $1,120 and $1,150. The August low at $783 held the 0.5 fib perfectly, and price reclaimed the 0.618 at $894. Now it's testing overhead resistance at $1,100 with thin volume above — that's your breakout zone if it clears.
The flip level at $1,037 is back in support. As long as price holds above $999, the structure stays intact and the path toward the June high at $1,255 remains open.
Invalidation: under $999.95. That breaks the sequence and puts you back in chop.
This is a retest-and-resume setup. You're watching a fib reclaim, a flip hold, and a volume gap overhead. If $1,100 breaks, you get room to run. If it fails here, you wait for the next test of support.
Price ran from $1,065 and is eyeing $1,100 next, then $1,120 and $1,150. The August low at $783 held the 0.5 fib perfectly, and price reclaimed the 0.618 at $894. Now it's testing overhead resistance at $1,100 with thin volume above — that's your breakout zone if it clears.
The flip level at $1,037 is back in support. As long as price holds above $999, the structure stays intact and the path toward the June high at $1,255 remains open.
Invalidation: under $999.95. That breaks the sequence and puts you back in chop.
This is a retest-and-resume setup. You're watching a fib reclaim, a flip hold, and a volume gap overhead. If $1,100 breaks, you get room to run. If it fails here, you wait for the next test of support.
