The SUIUSD chart is currently undergoing a market analysis based on Elliott Wave principles and Fibonacci levels, assessing both daily and hourly timeframes. The prevailing thesis suggests that wave 4 has culminated, having precisely met the 38.2% Fibonacci retracement target, establishing the groundwork for a subsequent fifth wave decline. Significant support is identified around the $1.40 mark, coinciding with the 100% extension and 50% retracement levels. A three-wave corrective bounce (ABC pattern) is projected from this $1.40 support zone, targeting a resistance band between $1.63 and $1.88. The primary bearish scenario, which anticipates a continued descent, would be invalidated if the price decisively breaks above $1.88. This threshold signifies a potential shift towards a more bullish market sentiment, though it is not the current primary expectation. The ultimate downside target for this fifth wave is anticipated to be in the $0.91 to $1.07 range. Recent market movements show a higher low development, aligning with the initial phase of the expected three-wave corrective bounce.