2H Chart - Price Key Points:
- Maintain sings of short term bottoming process
- Established a movement within an upward channel
- Each new higher/highs and higher/lows continue on an average of 3.5% higher attempt(s)
- A solid breach below $8455 could signal fierce selling
- Although buyers rush to sell on each spike, indicators still show that short term momentum is improving
Possible Scenarios:
Long: On a confirmed break above $9232 – Price Target $9719 | Probability: 39% | Signal Strength: 4/5
Neutral: Price Range $8889 - $9232
Short: On a confirmed break below $8889 – Price Target $8455 | Probability: 35% | Signal Strength: 3/5
Our Stance: Staying neutral with minimal long positions in place.