On the daily chart, the price failed to break above the nearest resistance of the price channel line (134.22) twice, and these attempts were made with a weak Marlin Oscillator. It is possible that the corrective growth since August 2 is completed and now the price is set to move to 129.46 - to the lower inner line of the price channel.
An alternative scenario, which provides for continued growth to 134.22, overcoming resistance and further advance to 136.06, has a probability of about 25%. The option with continuation of sideways movement in the range of 132.10-134.22 has a 30% probability.
On a four-hour scale, the price seems to have not yet decided on a direction, the contradictory readings of indicators gravitate towards a sideways scenario. A decline below 132.10 will also lead to the oscillator moving into a downward trend. It is technically easier to develop a decline. Consolidation above 134.22, and, importantly, above the MACD line at the same time, will strongly encourage the players to move for growth.
