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 another Bear candle. So in the Day chart, it reads stronger for the Bears. The OBV is trending down and the selling volume has been increasing.
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 another Bear candle. So in the Day chart, it reads stronger for the Bears. The OBV is trending down and the selling volume has been increasing.