SUI Slides Into Key Fib Support — Is the Downtrend Far From Over?

Both the yellow and white scenarios outlined in the analysis continue to allow for further downside. As long as price action fails to show clear reversal signals, additional weakness cannot be ruled out.

Without such confirmation, any upward movement is more likely to develop as a corrective wave 4 within the white scenario rather than the start of a new impulsive rally. In that context, rebounds would be expected to face resistance, with the standard resistance zone currently defined between $1.81 and $2.55.