TEAM: A Picture Perfect Entry!Atlassian Corp Class ANASDAQ:TEAMHKCM_GlobalAtlassian posted solid gains following the pretty positive earnings call on Thursday, so we now consider the most recent interim low to be confirmed. As a result, we currently see price action in a corrective upward move. We’ve also added a new alternative scenario in which the higher-level correction may already be complete. Primary Scenario Within our blue Long-Term Entry Range ($103.24–$54.51), we expect a short-term rebound following the recent interim low. After that, we anticipate renewed selling pressure, which should ultimately push the price just below the Entry Range to complete the ongoing higher-level correction. Alternative Scenario ADJUSTMENTS: In our alternative scenario, TEAM would have already finished the higher-level correction with the most recent low inside our blue Long-Term Entry Range ($103.24–$54.51) and would move directly above resistance at $139.69 (probability: 33%). Long-Term Outlook The daily chart supports our primary view that the final low of the higher-level correction will likely occur just below our blue Long-Term Entry Range ($103.24–$54.51). Afterward, we expect a new uptrend that should gradually push the price above resistance at $483.13 and on to new all-time highs.