Jul. 2 at 10:27 PM
$TE is starting to set up a potential squeeze structure into August and September
Price is pulling back into the golden pocket while also testing the 50-day MA, a zone where markets often reprice direction
If support holds, the initial August target is a move back toward the
$12 area
Overall this looks more like a consolidation and re-accumulation phase rather than a breakdown, with direction likely to resolve after the compression phase
