4H Chart - Price Key Points:
- Swings still evident.
- Fair support at approx $6430.
- Pattern might develop into a bear flag (unconfirmed).
- 200MA resistance at approx $6622
- RSI and MACD positive
- Stochastic RSI overexteded
- Volume improving.
Possible Scenarios:
Long: On a confirmed break above $6516 – Price Target $6787 | Probability: 39% | Signal Strength: 4/5
Neutral: Price Range $6360 - $6516
Short: On a confirmed break below $6360 – Price Target $6095 | Probability: 32% | Signal Strength: 2/5
Our Stance: Cautious long approach.