The analysis of SUIUSD identifies a primary bearish Elliott Wave structure originating from the high in January 2025. This move is categorized as a Wave C correction consisting of a five-wave impulsive sequence to the downside. The third wave (Wave 3) recently completed near the $1.41 level, which represents the 100% Fibonacci extension of Wave A. Currently, the asset is experiencing a Wave 4 corrective bounce. This relief rally is encountering technical resistance within a zone ranging from $1.67 to $2.21. On the hourly timeframe, a three-wave corrective structure is visible, with immediate micro-resistance identified at $1.76. A failure to break impulsively above this resistance suggests the onset of Wave 5. Predicted downside targets for this final wave include the 123.6% extension at $1.0787, the 138.2% extension at $0.9151, and potentially the 161.8% extension at $0.6972. Immediate support to watch is the $1.39 to $1.52 range; a breakdown from this area would confirm the bearish continuation. Conversely, a sustained move above the $1.76 level would invalidate the immediate bearish outlook and suggest a more complex Wave 4 extension or a trend reversal.