MESU Aug 7: 7774 Upside or 7682 After 7724 Break?
MESU is currently trading between two important higher-time-frame fair value gaps.
The upside imbalance around 7,774 remains open and continues to act as my primary upside liquidity target.
On the downside, the larger fair value gap around 7,682 remains in play.
The key intraday decision level is the overnight low around 7,724.
If buyers continue to defend 7,724, price may still have room to rotate higher toward 7,774.
However, a confirmed 1-hour close below 7,724 would increase the probability of continuation lower toward 7,682.
Key Levels
7,774 — upside fair value gap / liquidity target
7,724 — key downside trigger
7,682 — deeper downside fair value gap
Bullish Scenario
Price holds above 7,724 and continues higher toward 7,774.
Bearish Scenario
Price closes below 7,724, opening the path toward 7,682.
With Friday price action, I’ll be especially careful about chasing moves and will wait for confirmation at the key levels.
Not financial advice. No confirmation, no trade.
MESU2026