$UNI is trading less than a cent away from the one line it could not break for over a year. That line is the 200 week moving average, sitting at about $6.85. Price is $6.86. This is where the September rally gets judged. How we got here From the August low at $3.19, UNI ran to $10.93. That is roughly a 243% move in about two months. It was the first time in over a year that price broke above the 200 week average. Before that, the line rejected UNI again and again. Since the October top, UNI has given back about 53% of the rally. Now it is back on that same line, testing it from above. Old resistance should become new support. This is the test. The levels that matter Draw the Fibonacci retracement across the rally: • 0.382 at about $7.98 • 0.5 at about $7.06 • 0.618 at about $6.15 UNI has spent the last month trapped between $6.15 and $8, inside the golden pocket where healthy pullbacks often find their floor. So right now, three things line up in one zone: • The 200 week average near $6.85 • The middle of the golden pocket • A month of buyers defending $6.15 That is strong support, if it holds. The warning signs The highs keep getting lower: $10.93, then about $9.40, then about $8. And momentum has gone flat: • Daily RSI near 45, sitting just under its average • MACD lines below zero, with the histogram barely above flat Buyers are defending the floor. They are not pushing price higher yet. The map from here • Hold $6.85 and reclaim $8 on a daily close: the range breaks up, and $9.40 to $10.90 comes back into play • Chop between $6.15 and $8: the range keeps building until one side gives up • Daily close below $6.15: the golden pocket fails, and the next support sits near $4.85, the 0.786 retracement My read on all of this UNI did the hard part in September by breaking the 200 week average. Now it has to prove that move was real by holding it. A retest that holds turns a rally into a trend. A retest that fails turns it into a trap. Are you buying the 200 week retest, or waiting for $8 to break first?