4H Chart - Price Key Points:
- On a symmetrical triangle formation since 08 Sept 18.
- 50MA, 100MA, 200MA pointing slightly downwards.
- Indicators attempting to find a bottom.
- Volume decreasing.
- Models hint that latest action might be a possible bear trap.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $6550 – Price Target $6976 | Probability: 32% | Signal Strength: 2/5
Neutral: Price Range $6247 - $6550
Short: On a confirmed break below $6247 – Price Target $5789 | Probability: 39% | Signal Strength: 4/5
Our Stance: Speculative long.