2H Chart - Price Key Points:
- Possible short term bearish pennant in the making.
- Failure at approx $6220.
- 20MA reversing downwards.
- 50MA support fragile.
- Indicators match price range.
- Volume hints that a move is brewing.
Possible Scenarios:
Long: On a confirmed break above $6166 – Price Target $6323 | Probability: 31% | Signal Strength: 2/5
Neutral: Price Range $6017 - $6166
Short: On a confirmed break below $6017 – Price Target $5844 | Probability: 37% | Signal Strength: 4/5
Our Stance: Short.