The forecast for week 1 of May has more evidence for Bears
This week's candle is Bear medium a size body and the tails are almost equal to the body. The top has a small tail. The volume compared to last week is higher, and very high in general. The OBV has changed direction. This chart looks like a reversal but can see support is there from the Bulls.
Monday's candle was a Bear candle, with a decent body small tail on top, and slightly larger on the bottom. The volume was decent as well. Tuesday was also a bear candle the volume was the smallest of the week but still pretty consistent. Wednesday was a Bull candle with a small bottom tail, a mediocre body and a smallish top tail. Thursday, the largest volume, it is a medium-size candle with almost no tail on the bottom and a small tail on the top. Friday was almost identical to Thursday but a Bear candle instead. The low was slightly higher. Important note the tails at the top for Thursday and Friday are exactly the same, this is a good sign for more Bear action. The OBV has changed Bear but is still pretty horizontal and is most aligned to the chart.
In no way is this information financial advice.
This week's candle is Bear medium a size body and the tails are almost equal to the body. The top has a small tail. The volume compared to last week is higher, and very high in general. The OBV has changed direction. This chart looks like a reversal but can see support is there from the Bulls.
Monday's candle was a Bear candle, with a decent body small tail on top, and slightly larger on the bottom. The volume was decent as well. Tuesday was also a bear candle the volume was the smallest of the week but still pretty consistent. Wednesday was a Bull candle with a small bottom tail, a mediocre body and a smallish top tail. Thursday, the largest volume, it is a medium-size candle with almost no tail on the bottom and a small tail on the top. Friday was almost identical to Thursday but a Bear candle instead. The low was slightly higher. Important note the tails at the top for Thursday and Friday are exactly the same, this is a good sign for more Bear action. The OBV has changed Bear but is still pretty horizontal and is most aligned to the chart.
In no way is this information financial advice.