Hopping and popping for week 3 in April 2022 is: Bear if the 73.5 close price is achieved.
This week smashed out a lovely bear candle, and this is following on from last Weeks bear pin bar. The volume is decreasing from last week. The OBV is trending ever so slightly upwards. Overall this trend has more evidence for a continued Bear week ahead.
Dropping into the Days chart and you can see the chart is angling this new rally Bull side. The day chart will need to close below the 73.5 line before the bear rally will pick up any real movement. With the declining volume, decent and consistent Bull rally there is more evidence of the Bulls. Note the chart did top out at a resistance point of 75.4 and has been heading down since. The day chart is neutral unless the 73.5 price is broken, then bear
This week smashed out a lovely bear candle, and this is following on from last Weeks bear pin bar. The volume is decreasing from last week. The OBV is trending ever so slightly upwards. Overall this trend has more evidence for a continued Bear week ahead.
Dropping into the Days chart and you can see the chart is angling this new rally Bull side. The day chart will need to close below the 73.5 line before the bear rally will pick up any real movement. With the declining volume, decent and consistent Bull rally there is more evidence of the Bulls. Note the chart did top out at a resistance point of 75.4 and has been heading down since. The day chart is neutral unless the 73.5 price is broken, then bear
Comment:
accurate assessment and high profitability if entering on the week opening but even higher if you entered toward the end of the week.