2H Chart - Price Key Points:
- Overwhelming shot to the upside initiated at approx $7128.
- Possible bullish flag formation.
- Above 20MA and 50MA resistance.
- 100MA resistance at approx $7592.
- Indicators turned sharply positive.
- Volume supportive.
- Bulls need to defend current move. A failure might lead to a sharp revisit of recent lows.
Possible Scenarios:
Long: On a confirmed break above $7550 – Price Target $7745 | Probability: 37% | Signal Strength: 4/5
Neutral: Price Range $7423 - $7550
Short: On a confirmed break below $7423 – Price Target $7212 | Probability: 40% | Signal Strength: 5/5
Our Stance: Longs triggered.