TEL's Price Structure Entering Critical Phase

Tracking the technical progression of TEL, we can see a textbook structure unfolding. Phases 1 through 4 have already completed with clean execution—higher lows established consistently, pullbacks remained controlled, and no aggressive selling pressure emerged to break the pattern.

The setup has held its integrity throughout. Each phase delivered as expected, building a foundation for what comes next.

Now we're at the inflection point. Price is currently positioned right at the threshold where Phase 5 begins. This transition zone is where most structures reveal their true strength. Either the pattern sustains and extends upward, or weakness surfaces here. The next move from this level will be critical—it typically signals whether the entire structure was sustainable or merely a temporary consolidation.