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 day. Friday was a spinning top. The volume overall is trending upward and the OBV is trending upward slightly. Looking at the red bull trend line, the trigger- has been pulled to exit the trade. This signifies the entry for the downturn is being observed, this is in total polarity to the Bull related evidence on the week and day charts. Interesting 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 day. Friday was a spinning top. The volume overall is trending upward and the OBV is trending upward slightly. Looking at the red bull trend line, the trigger- has been pulled to exit the trade. This signifies the entry for the downturn is being observed, this is in total polarity to the Bull related evidence on the week and day charts. Interesting Bear though only based on the trade reaching a decent level of exhaustion