The forecast for week 1 of May is Bear but look for decreasing volume to exit.
This week was a decent Bear candle with no tails. The volume was high and the OBV has turned south. The Bulls offered no resistance on the weekly candle.
Moving to the Day chart, Monday continued Bear and followed on from last Friday's candle. As the week progressed the bulls offered some resistance but continuously faced rejection. Friday was the biggest rejection. The OBV is facing Bear. Path of least resistance say Bear but look for decreasing volume.
In no way is this assessment financial advice for any other person.
This week was a decent Bear candle with no tails. The volume was high and the OBV has turned south. The Bulls offered no resistance on the weekly candle.
Moving to the Day chart, Monday continued Bear and followed on from last Friday's candle. As the week progressed the bulls offered some resistance but continuously faced rejection. Friday was the biggest rejection. The OBV is facing Bear. Path of least resistance say Bear but look for decreasing volume.
In no way is this assessment financial advice for any other person.