Jun. 18 at 8:34 PM
$TE is building a structured wave setup, with price attempting to form a higher low after a Minor Wave 2 retracement. Holding the Weekly 8 EMA and reclaiming volume POC is key to keeping the bullish structure intact.
If support holds in the mid-
$8S and price reclaims the
$9.60 (Daily 20MA), it strengthens the case for a push into Minor Wave 3 toward
$21+ and potentially higher in the broader Wave 5 structure.
The invalidation zone sits lower around the
$7 area where deeper MA support lies. Until then, the chart is still constructive rather than bearish.
Overall, it’s a “coiling” structure — compression first, expansion later.
