The prognosis for week 3 of May 2022 is Bear. This assessment in no way considered financial advice. Onto the daily chart and we can see the candles are trending in a consistent manner that says 'I know my direction, I am going down' This rally will continue until we begin to see some volatility within the candles. The range is also very tight, this is another...
The prognosis for week 3 of May 2022 is Bear. This assessment in no way considered financial advice. This week a large-sized Bear candle was produced. Its lacking tails indicates an almost complete lack of Bull contest. The OBV indicates the conviction of the trend. The volume on the other hand is consistent with other weeks, this means the selling value is...
The prognosis for week 3 of May 2022 is Bull This assessment in no way considered financial advice. Moving onto the day chart, we can see the week began quite slow, but still trending down. Come Wednesday a Bear move commenced but with a decent tail north-facing, Thursday again bear but this time a decrease in size but an increase in volume, this can indicate...
The prognosis for week 3 of May 2022 is Bull This assessment in no way considered financial advice. This week produced a candle with a body and bottom tail that were similar in size. The top tail was a little shorter. None of this week's body protruded into last week. The volume was steady, and the OBV is trending down. All looks pretty Bear, correct....
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...
The prognosis for week 3 of May 2022 is Bull This assessment in no way considered financial advice. The Bears had a really good go this week, but they were overturned by the Bull's power. While a Bear candle this is quite a large rejection. This is likely to produce a Bull response this week. The volume is higher than last week and the OBV trending down, a Bull...
The prognosis for week 3 of May 2022 I call neutral as I am unable to determine the likelihood of a direction. This assessment in no way considered financial advice. Moving to the daily chart, we can see the first three days remained in the mini sideways trend. On Thursday the Bear rally recommenced with Friday stalling any further move. Typically we would have...
The prognosis for week 3 of May 2022 I call neutral as I am unable to determine the likelihood of a direction. This assessment in no way considered financial advice. The Bear candle this week continued its steep descent. With a medium-size body and okay tails, the candle body never protruded into either of the last two weeks' bodies. The volume is considered to...
The prognosis for week 3 of May 2022 is a higher odds of a Bear week candle with a Neutral to Bull day chart, confused much?? :-) This assessment in no way considered financial advice. Looking at the daily chart, we can see this week opened in full continuation from the previous week. This indicates excellent momentum. Tuesday and Wednesday equalised and then...
The prognosis for week 3 of May 2022 is a higher odds of a Bear candle this coming week. This assessment in no way considered financial advice. This week constructed a bear candle that broke free of the superficial reading support line. The south tail of the candle was decent, indicating some Bull contest. The volume is almost equal to the previous week (a...
The forecast for week 3 of May 2022 is a higher probability of Bear on week and Bull on Days This assessment in no way considered financial advice. Onto the day chart, looking at the Monday candle, it is a full Bear candle with no tails. This was off a slight correction. Tuesday and Wednesday were equilibrium days. Thursday kicked in the continued Bear slide...
The forecast for week 3 of May 2022 is a higher probability of Bear This assessment in no way considered financial advice. This week was a decent Bear candle, the body and tail were of similar size. The total moving range was very significant. This was matched by the volume, also very large. The selling momentum may take hold this week but it does depend on...
The forecast for week 2 of May 2022 is a higher probability of Bear though only based on the trade reaching a decent level of exhaustion This assessment in no way considered financial advice. Onto the day chart and the Monday was a quiet Bull candle. Tuesday and Wednesday ignited the week with two decent Bull candles. Thursday candle equally opposed the previous...
The forecast for week 2 of May 2022 is a higher probability of BULL This assessment in no way considered financial advice. This week was a Bull failing star, its position indicates further highs but the trend line is at a point where a change of direction is also possible. This week will need to be a Bull candle to signal a continuation. The volume is lower than...
The forecast for week 2 of May 2022 is a higher probability of Bear This assessment in no way considered financial advice. Onto the day chart, it opened with a small Bear candle, followed by a mid-range Bull candle with a decent north-facing tail. Wednesday was an engulfing Bull candle where it was promptly deleted with an equal bear candle. Friday finished with...
The forecast for week 2 of May 2022 is a higher probability of neutral This assessment in no way considered financial advice. This week's candle was a shooting bull star toward the possible tail end of a rally. It is now in a sensitive price range, known to be support and in fewer cases resistance. The volume is equal to last week indicating strong retaliation to...
The forecast for week 2 of May 2022 is a higher probability of This assessment in no way considered financial advice. Onto the days, we can see a very sideways week, as forecast. It is again another week where all options are now possible. Having sustained a long downward rally there is exhaustion and the sideways and bull rallies are now possible.
The forecast for week 2 of May 2022 is a higher probability of This assessment in no way considered financial advice. This week was a Bull doji, it was very small. The volume was almost as high as the previous week, this means indecision. The OBV is bear. Overall this path of least resistance says bear this week.