MESU Aug 4: Pullback to 7600–7582 Before 7674?
MESU continued higher after holding above 7,633 and has now swept the liquidity around 7,650.
After that liquidity grab, I’m watching for a possible pullback into the stacked fair value gaps below price. The first reaction level is around 7,600, while the deeper level sits near 7,582.
On the upside, a confirmed 1-hour close above 7,650 could support continuation toward the next liquidity target around 7,674.
For the broader weekly structure, 7,542 remains an important support level. A confirmed loss of that level could open the door for a deeper retracement toward approximately 7,430.
Key levels
7,650: Bullish continuation trigger
7,674: Upside liquidity target
7,600: First pullback level
7,582: Deeper fair value gap reaction level
7,542: Major weekly support
7,430: Deeper downside target
Primary scenario
Price retraces into the 7,600–7,582 fair value gap zone, finds support, and attempts to continue higher.
Alternative scenario
Price holds above 7,650 without a deeper retracement and continues directly toward 7,674.
A confirmed break below 7,542 would weaken the bullish structure and increase the probability of a deeper pullback.
Not financial advice. No confirmation, no trade.
MESU2026