MELI Analysis (Waiting for June 2026)MercadoLibre, Inc.BATS:MELIpabloggyMELI remains structurally bullish on higher timeframes. The weekly chart still looks like a healthy correction within a broader uptrend rather than a trend reversal. On the 4H timeframe, the recent drop looks like an exhaustion move and a potential absorption zone, but I still want confirmation before entering. My forecast is to enter around June 16th near 1400, give or take, but only after confirmation. That means I would prefer to see price reclaim strength, hold support, and print clear bullish confirmation before taking the trade. If that happens, the setup could offer a strong continuation move; if not, I would stay patient and wait for a cleaner signal.