27 March 2022
FORECAST FOR WEEK 4 MARCH 2022 WAS = IN DIFFERENT
THE COMBINED FORECAST FOR MARCH WEEK 5 OF 2022 IS = BEAR
DAYS
WEEK 4 OF MARCH 2022 FORECAST WAS = BEAR = ACCURATE
THE PROBABILITY OF DAYS FOR WEEK 4 MARCH 2022 IS = BEAR
This week's volume was decent but very consistent across the week. The candle was Bear on Monday mostly body but some tails. Tuesday Bull with tails to the south, same as Wednesday but Bear. Thursday again similar bear candle but this time it is contained in the prior day's trade. Friday finished a falling star. These candles do look to forecast a bigger drop is forming. The probability goes to the Bears The OBV is trending down.
WEEK
WEEK 4 OF MARCH 2022 FORECAST WAS = BULL = INACCURATE
THE PROBABILITY OF DAYS FOR WEEK 5 MARCH 2022 IS = BEAR
The volume this week shrank again this time around 30%. The candle was Bear. It is now an "inside bar" The OBV is very bear orientated. A third week ago is the only reason I would give the Bulls a go but the candle this week lets that probability down. This week I see a higher probability for the Bears
FORECAST FOR WEEK 4 MARCH 2022 WAS = IN DIFFERENT
THE COMBINED FORECAST FOR MARCH WEEK 5 OF 2022 IS = BEAR
DAYS
WEEK 4 OF MARCH 2022 FORECAST WAS = BEAR = ACCURATE
THE PROBABILITY OF DAYS FOR WEEK 4 MARCH 2022 IS = BEAR
This week's volume was decent but very consistent across the week. The candle was Bear on Monday mostly body but some tails. Tuesday Bull with tails to the south, same as Wednesday but Bear. Thursday again similar bear candle but this time it is contained in the prior day's trade. Friday finished a falling star. These candles do look to forecast a bigger drop is forming. The probability goes to the Bears The OBV is trending down.
WEEK
WEEK 4 OF MARCH 2022 FORECAST WAS = BULL = INACCURATE
THE PROBABILITY OF DAYS FOR WEEK 5 MARCH 2022 IS = BEAR
The volume this week shrank again this time around 30%. The candle was Bear. It is now an "inside bar" The OBV is very bear orientated. A third week ago is the only reason I would give the Bulls a go but the candle this week lets that probability down. This week I see a higher probability for the Bears
Comment:
The forecast for week 5 March was inaccurate. I missed identifying on the day chart Thursday, Wednesday, and Tuesday all had their tails stall at the same point.