While Atlassian shares have initially pulled back as anticipated recently, this pause ultimately gave way to renewed upward momentum. As a result, price action was once again diverted from the expected sell-offs and pushed toward resistance at $119.31. Looking ahead, we expect further sell-offs that should ultimately break below support at $56, completing the ongoing larger correction. Once this low is established, we anticipate a sustainable trend reversal to the upside. In our alternative scenario, TEAM would have already completed the broader correction with the prominent low inside our now-deactivated blue Long-Term Entry Range. In this case, price would move above resistance at $119.31 and $139.69 as part of a sustained upward impulse without setting new lows (probability: 40%).