What's going down for April Week 2: Bear but it is in a heightened risk area, tread carefully, be patient, and have a sell signal they say!!
Let's check out the month of March quickly. Well, I'd say Bear, and Bear and Bear, I think that's it!! No, really it is, but what else. Well, it did bust a recent support price and now it is heading for the 1.054 area. And the volume was pretty decent as well.
Swinging over to the week Ok so basically this week had a solid Bear week, even with average volume it still smashed it. Now it has a challenge, it needs to close lower this week, and it may just do that. It really only started its next rally this week gone, so I'd expect next week to drop it like its a "hot potato"
Let's dive deeper, thu days!! There is a bit of a different story here. Basically, it bombed Mon and Tues but Wed to Friday were like hitting a brick wall. Weirdly the volume was low on the big days and high the lower on the smaller candles. Unpacking that I'd say easy price on Monday and Tuesday and then on the other day chart everyone is bailing out thinking there is going to be a reversal and now preparing for a decent drop. Just my interpretation.
Let's check out the month of March quickly. Well, I'd say Bear, and Bear and Bear, I think that's it!! No, really it is, but what else. Well, it did bust a recent support price and now it is heading for the 1.054 area. And the volume was pretty decent as well.
Swinging over to the week Ok so basically this week had a solid Bear week, even with average volume it still smashed it. Now it has a challenge, it needs to close lower this week, and it may just do that. It really only started its next rally this week gone, so I'd expect next week to drop it like its a "hot potato"
Let's dive deeper, thu days!! There is a bit of a different story here. Basically, it bombed Mon and Tues but Wed to Friday were like hitting a brick wall. Weirdly the volume was low on the big days and high the lower on the smaller candles. Unpacking that I'd say easy price on Monday and Tuesday and then on the other day chart everyone is bailing out thinking there is going to be a reversal and now preparing for a decent drop. Just my interpretation.
Comment:
Nailed it