Part 4/9:
Turning to the technical aspects, the speaker illustrates that they foresee a reluctant ascent for prices over the coming days. The configurations of the moving averages (MAs) depict a bearish trend, which has deterred the speaker from adopting a long position at present. Significant price movement will be required to surpass the 200 MA and the delineated resistance trend line to foster a more bullish outlook. The expectations are for a sequence of price actions in which the market ascends, attempts to pass through these critical MAs, and then possibly retraces before finally achieving an upward breakout.