the prognosis for week 3 of May 2022 is Bull week and bull days....BOOM!
This assessment in no way considered financial advice.
onto the day chart. Monday opened Bear, ensuring the sideways trend is contained. Heading toward the bottom of the range on Tuesday, Wednesday also maintained the sideways trend range by rejecting a move beyond the range. Not the range is trending slightly upward. Wed to Friday saw the Bull take the price back toward the top of the range, notice how this time the range move is tightly compressed, almost like a spring being pushed down. This present the possibility the trend is soon likely to be broken. If more than two small candles remain near the top of the range it will be an indication of a breakout. The evidence suggests there is a good chance of this happening this week.
This assessment in no way considered financial advice.
onto the day chart. Monday opened Bear, ensuring the sideways trend is contained. Heading toward the bottom of the range on Tuesday, Wednesday also maintained the sideways trend range by rejecting a move beyond the range. Not the range is trending slightly upward. Wed to Friday saw the Bull take the price back toward the top of the range, notice how this time the range move is tightly compressed, almost like a spring being pushed down. This present the possibility the trend is soon likely to be broken. If more than two small candles remain near the top of the range it will be an indication of a breakout. The evidence suggests there is a good chance of this happening this week.