2H Chart - Price Key Points:
- Reversal from approx $8524.
- Retrace follow trough at approx $8419.
- Testing 100MA for the past 8HRs.
- Momentum soft.
- Indicators declining.
- Possibilities of visiting 50MA increase.
Possible Scenarios:
Long: On a confirmed break above $8434 – Price Target $8588 | Probability: 33% | Signal Strength: 3/5
Neutral: Price Range $8289 - $8434
Short: On a confirmed break below $8289 – Price Target $8117 | Probability: 37% | Signal Strength: 4/5
Our Stance: Leaning short.