27/03/22
THE FORECAST FOR WEEK 5 MARCH 2022 IS = BULL
DAYS
PROBABILITY OF DAYS FOR WEEK 5 MARCH = UNDECIDED
This week opened calm. Monday produced a small doji Bull. This is leading on from the three last days, all precise Bull candles almost no tails, convincing momentum. Tuesday is the largest candle of the week, it is a Bull candle no tails. It is bigger than last week. Wednesday is about half size with small tails. Thursday increased candle body again 3/4 of Tuesday, xs tails. Friday produced a Bear hammer, small and contained inside Thursday candle. Top did not break high, in fact, it is almost identical tail and close/open point. Volume was largest on Friday. This indicates oversold is forming, but given the momentum of the Bull run we have a higher probability of a retracement only. This week has a higher probability of many options.
WEEK
PROBABILITY OF DAYS FOR WEEK 5 MARCH = BULL
The Bull candle this week is making the rally angle unsustainable. The volume is declining but is decent. The candle has only x small tails on either end, this indicates very little resistance for Bears. It is probable this week will have a decent tail. A north-facing tail would indicate oversold with Bears having greater influence. A south-facing tail would indicate the Bulls are going to give a few more weeks of effort before letting the Bears take over. Higher probability for Bull
.
THE FORECAST FOR WEEK 5 MARCH 2022 IS = BULL
DAYS
PROBABILITY OF DAYS FOR WEEK 5 MARCH = UNDECIDED
This week opened calm. Monday produced a small doji Bull. This is leading on from the three last days, all precise Bull candles almost no tails, convincing momentum. Tuesday is the largest candle of the week, it is a Bull candle no tails. It is bigger than last week. Wednesday is about half size with small tails. Thursday increased candle body again 3/4 of Tuesday, xs tails. Friday produced a Bear hammer, small and contained inside Thursday candle. Top did not break high, in fact, it is almost identical tail and close/open point. Volume was largest on Friday. This indicates oversold is forming, but given the momentum of the Bull run we have a higher probability of a retracement only. This week has a higher probability of many options.
WEEK
PROBABILITY OF DAYS FOR WEEK 5 MARCH = BULL
The Bull candle this week is making the rally angle unsustainable. The volume is declining but is decent. The candle has only x small tails on either end, this indicates very little resistance for Bears. It is probable this week will have a decent tail. A north-facing tail would indicate oversold with Bears having greater influence. A south-facing tail would indicate the Bulls are going to give a few more weeks of effort before letting the Bears take over. Higher probability for Bull
.
Comment:
Forecast accurate but really a major pin bar, so my trade actually had a minor loss because my entry was poorly timed.