4H Chart - Price Key Points:
- Still in the process of developing into a possible pennant (unconfirmed).
- Strong buying signals appear below $7881.
- RSI and MACD on a temp weakness mode.
- Stochastic RSI hints to possible stability attempts.
- Models suggest another slightly higher retest of today's lows (above $7853).
Possible Scenarios (adjusted) :
Long: On a confirmed break above $8267 – Price Target $8492 | Probability: 30% | Signal Strength: 2/5
Neutral: Price Range $8044 - $8267
Short: On a confirmed break below $8044 – Price Target $7794 | Probability: 36% | Signal Strength: 3/5
Our Stance: Very few speculative shorts.