4H Chart - Price Key Points:
- Possible 3 black crows formation.
- Minor positive divergences in jeopardize.
- Buying volume non-existent.
- Indicators reversing.
- A final blow to the downside might still be in the cards.
Possible Scenarios:
Long: On a confirmed break above $8074 – Price Target $8329 | Probability: 33% | Signal Strength: 2/5
Neutral: Price Range $7869 - $8074
Short: On a confirmed break below $7869 – Price Target $7587 | Probability: 38% | Signal Strength: 4/5
Our Stance: Tight short positions.