2H Chart - Price Key Points:
- Minor reversal from approx $8759.
- Under 20MA (resistance).
- Consolidating for the past 6HRs.
- Indicators maintain ascent.
- MACD displays slight weakness.
- Negative volume decreasing since 11th of May.
Possible Scenarios (adjusted) :
Long: On a confirmed break above $8596 – Price Target $8855 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $8400 - $8596
Short: On a confirmed break below $8400 – Price Target $8125 | Probability: 38% | Signal Strength: 4/5
Our Stance: Neutral.