$SEI
SEI remains in a long-term downtrend despite the recent reaction from the all-time low. The broader structure is still bearish, although a larger corrective rally may be developing.
Leading Scenario: The market has reacted from the support area around $0.045. A larger wave 4 rally remains possible, either already underway or just beginning from the June low. One more high would complete a small 5-wave advance and provide the first indication that a larger wave C recovery may be unfolding.
Risk Scenario: The dominant trend remains down, and there is still no confirmed long-term reversal. Until a clear 5-wave advance develops, any recovery should be viewed as corrective.
Key Support Levels: $0.045
Bottom Line: The long-term trend remains bearish, but the recent reaction from the all-time low may be the start of a larger corrective rally. A completed 5-wave advance would provide the first meaningful bullish signal.
