U: trend structure, key support and resistance levels

Price has reached a key mid-term support, where the macro-upside structure may begin forming at least a bottom for the first corrective wave.

From a broader perspective, as long as price continues to close above 32, the macro trend structure remains constructive — with potential for an upside move into the 65–75 macro resistance zone, completing the larger uptrend that started from the 2024 bottom.

Chart:

Previously:
• On breakout potential and follow-through (Jul 14 and 17):
Chart (Jul 17):
https://www.tradingview.com/symbols/NYSE-U/minds/?mind=Ouy5kixOTrySR3wTfU8Rug

Chart (Jul 14):
https://www.tradingview.com/symbols/NYSE-U/minds/?mind=MRGLvUpnQZCli-ZRhVjqtw