MELI — TLI Research (2026-09-24)

Summary

MELI (MercadoLibre) is a TLI coverage pick. Has pulled back deeper into the Buy Zone and dipped below the 0.5 Fib at $1781. Two strong support levels coming up: the 200 WMA at $1740 and the 0.618 Fib at $1713. Exactly the Wave 2 TLI wanted. A higher low here, then a higher high above $2065 confirms Wave 3 underway (Bull Case). Wave 3 target is the 1.618 Fib at $2700.

TLI Analysis — Key Levels & Timeline

2026-09-24 — email #103725 — Coverage (Text)

Subject: $MELI Price check: 2026-09-24 — $1,746.21

$MELI has pulled back deeper into the Buy Zone and dipped below the 0.5 Fib at $1781. Two strong support levels coming up: the 200 WMA at $1740 and, just below, the 0.618 Fib at $1713. Looking for support to confirm — then the next low-risk entry level. This is exactly what TLI wanted — they knew a Wave 2 was needed, and that is what we are getting. Price is in the Buy Zone. Once we see a higher low, focus turns to the price moving up and a higher high above $2065 — that confirms Wave 3 is underway and price enters the Bull Case. From there, focus is completely on the Wave 3 target: 1.618 Fib at $2700.

Prior (Sep 17, 2026 — email #103449) — New Coverage (Image-based)

Subject: $MELI Type: Image-based chart post. New coverage. Price check: 2026-09-17 — New coverage image received.

Position Context

• Conviction: ⭐⭐⭐ — Coverage, buy-on-confirmation
• Key levels: Buy Zone below 0.5 Fib $1781; support $1740 (200 WMA) / $1713 (0.618 Fib); Bull Case trigger $2065; W3 target $2700
• Role: LatAm e-commerce, Wave 2 → Wave 3 setup

Price Check

• 2026-09-24 — $1,746.21 (-2.95%) Live afternoon price update. In Buy Zone, testing 200 WMA at $1740.