10/03/22
FORECAST FOR WEEK 1 MARCH 2022 IS = Bear (alignment of Day and Week assessments)
COMBINED FORECAST FOR MARCH 2022 = BULL (10/3/22-So far this assessment is incorrect)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week opened Bear with a high selling volume, signaling Bears have a stronger influence. Tuesday and Wednesday retraced with Bull candles, on Thursday It returned to Bear candles. This signals the retracement has been completed. Friday adds another layer of confirmation of another Bear rally with its Bear candle, note no southward facing tail, meaning the Bear move was in flight at the time of close.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week was a combo between a Spinning Top and a Doji. The volume is considered very high (not its highest) The body of this week is contained in the southward facing tail (a small tail). Note the northward facing tail failed at the same open price of the week prior. The OBV is trending down now with an increased angle. It looks like the week opened Bull but was met with an acute failure at 1.11. It then abruptly turned south where it then essentially rain out of days in the week. Assuming this approach would give rise to a higher probability for bear continuation this week.
FORECAST FOR WEEK 1 MARCH 2022 IS = Bear (alignment of Day and Week assessments)
COMBINED FORECAST FOR MARCH 2022 = BULL (10/3/22-So far this assessment is incorrect)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week opened Bear with a high selling volume, signaling Bears have a stronger influence. Tuesday and Wednesday retraced with Bull candles, on Thursday It returned to Bear candles. This signals the retracement has been completed. Friday adds another layer of confirmation of another Bear rally with its Bear candle, note no southward facing tail, meaning the Bear move was in flight at the time of close.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week was a combo between a Spinning Top and a Doji. The volume is considered very high (not its highest) The body of this week is contained in the southward facing tail (a small tail). Note the northward facing tail failed at the same open price of the week prior. The OBV is trending down now with an increased angle. It looks like the week opened Bull but was met with an acute failure at 1.11. It then abruptly turned south where it then essentially rain out of days in the week. Assuming this approach would give rise to a higher probability for bear continuation this week.
Comment:
Accurate forecast