10/03/22
FORECAST FOR WEEK 3 MARCH 2022 IS = 52/48 Bull/Bear probability (The week is Bull and the Bulls have won on the days chart at key points 28Jan and 24Feb, meaning this challenge has a good chance of being won)
COMBINED FORECAST FOR MARCH 2022 = BULL (based on Week and Month alignment)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = 51/49 Bull/Bear (because key support resistance points have been overcome)
This week 2 of March it opened with a reversal bear candle, a nice bear body with only a candle facing north. The Bears were not able to use this candle to regain momentum, instead, it became a struggle between Bull and Bear. You can see the volume was level on these days. Interestingly the OBV is almost completely sideways, it is quite jagged and slightly bearish. This week has the potential for either direction. I say this because this rally has won against a number of key support and resistance points that exist within this sideways trend but the OBV shows the struggle is real. If the price is to increase it will be a slow game.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BULL
Week 2 of March was Bear, its body went around 40% into the previous week's body, the candles present but not long. Northward facing tail is longer. The volume for this week is significant but not the highest seen. On the OBV look at the previous bump, note the currency is $75. This OBV bump is higher but the price is only $75. The OBV may be indicating the bull is of higher influence. This week has a decent probability this Bear candle will be followed by a Bull candle.
FORECAST FOR WEEK 3 MARCH 2022 IS = 52/48 Bull/Bear probability (The week is Bull and the Bulls have won on the days chart at key points 28Jan and 24Feb, meaning this challenge has a good chance of being won)
COMBINED FORECAST FOR MARCH 2022 = BULL (based on Week and Month alignment)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = 51/49 Bull/Bear (because key support resistance points have been overcome)
This week 2 of March it opened with a reversal bear candle, a nice bear body with only a candle facing north. The Bears were not able to use this candle to regain momentum, instead, it became a struggle between Bull and Bear. You can see the volume was level on these days. Interestingly the OBV is almost completely sideways, it is quite jagged and slightly bearish. This week has the potential for either direction. I say this because this rally has won against a number of key support and resistance points that exist within this sideways trend but the OBV shows the struggle is real. If the price is to increase it will be a slow game.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BULL
Week 2 of March was Bear, its body went around 40% into the previous week's body, the candles present but not long. Northward facing tail is longer. The volume for this week is significant but not the highest seen. On the OBV look at the previous bump, note the currency is $75. This OBV bump is higher but the price is only $75. The OBV may be indicating the bull is of higher influence. This week has a decent probability this Bear candle will be followed by a Bull candle.
Comment:
This forecast for week 3 March was accurate