4H Chart - Price Key Points:
- Major rejection at approx $7398.
- All temp support levels breached.
- Positive divergences cancelled.
- Indicators yet to find a bottom.
- Negative volume strong on the breach.
- Models suggest that this might be a temp situation.
Possible Scenarios:
Long: On a confirmed break above $7086 – Price Target $7269 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $7086 - $6925
Short: On a confirmed break below $6925 – Price Target $6759 | Probability: 31% | Signal Strength: 2/5
Our Stance: Still interested in the potential of a reversal.