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MercadoLibre at week 3: the rebound does not erase the bearish setup

MercadoLibre is at week 3 of a sell signal. The confirmation week closed bullish, but the weekly structure remains bearish and the quality band signals trading not recommended. The model calls for caution.

MercadoLibre · Sell signal in observation
MercadoLibre at week 3: the rebound does not erase the bearish setup
June 05, 2026
MercadoLibre · Sell signal in observation
In Summary
MercadoLibre is at week 3 of a sell signal, ranking 53rd among 96 sell signals for US stocks. The confirmation week closed bullish — and the model suggests exiting any open short position — but the bearish structure is not resolved: the price remains below the Ichimoku cloud, distribution is underway, and the quality band keeps trading not recommended.
Sell signal in observation ·3rd week from start ·US stocks ·T2
IQS Phase
68
in tension
Signal Strength
38
shallow weekly drop
Sizing
REDUCED
Ranking
#53 / 96
US stocks sell signals
Trade P&L %
-3.94%
from signal to today
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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