We have in
$MU a 1H Std Bear div off $1,064.47, and that signal produced our current pullback to $1,022.69. But, it's lower degree only. 4H RSI 73.95, Daily RSI 61.24 and Weekly RSI 63.72 all confirmed the higher high, while Daily/4H remains bullish. The current pullback has retraced only 25.8% of the $902.60→$1,064.49 advance and is sitting directly on the $1,019–1,023 support cluster. A flush below $1,022.69 with 1H RSI holding above 55.16 would create fresh Regular Bullish divergence.
$1,017–1,022 also completes the C-zone of a developing lower-TF bearish Cypher, which could drive a rebound through :
$1,039 → $1,044 → $1,049–1,050 → $1,054–1,055
A recovery through $1,064.49 with RSI confirmation keeps my idea that the B/c wave is incomplete and opens a bullish ladder:
$1,071.92 → $1,099.85 → $1,128–1,136.
Failure of $1,019 without bullish div opens the exceptionally clean $1,001.66–$1,002.65 cluster, then $987.59–$983.55. If
$MU makes a HH: 1H RSI <80.272 would be bearish; add 4H RSI <73.95 and especially Daily RSI <61.24 and we'll see this
$MU B wave up likely end. RSI will tell us whether $1,064.49 was the top or whether today's weakness is the higher-low reset preceding another push toward the $1,128 and ultimately $1,180–1,196 B termination zone.
My expectation is
$MU sees $1180 before beginning on a C wave down. But, let's see how it all plays out.
$MU $MUU