FORECAST FOR WEEK 4 MARCH 2022 IS = IN DIFFERENT
COMBINED FORECAST FOR MARCH 2022 = BULL (10/3/22-So far this assessment is incorrect)
DAYS
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR
On week 3 Monday produced a small bull candle, and again on Tuesday. Wednesday increased the volume and the candle body but Thursday and Fridays candles stalled the retracement, no sooner it began. The dropping volume supporting the end of the weak Bull rally. Thursday did close above the previous week's last high point back on 10 March. Fridays candle returned it to below that high. The larger trend is Bear, the OBV fell sharply over the last couple of weeks. The retracement is weak and it is probable the Bear trend will reform this week.
WEEK
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 4 MARCH = BULL
This week produced the third candle that forms a pattern, this pattern has produced reversals, with good consistency. There is the support that this pattern can become a reversal because it is in the right location of a trend support line. The longer term week trend has been bear, these last few weeks have a steep Bear angle. The volume is lower this week. The OBV is Bear, its lastest angle is steep. A reversal or at least a steeper retracement is possible because steep angles tend to have a retracement that can be traded.
COMBINED FORECAST FOR MARCH 2022 = BULL (10/3/22-So far this assessment is incorrect)
DAYS
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR
On week 3 Monday produced a small bull candle, and again on Tuesday. Wednesday increased the volume and the candle body but Thursday and Fridays candles stalled the retracement, no sooner it began. The dropping volume supporting the end of the weak Bull rally. Thursday did close above the previous week's last high point back on 10 March. Fridays candle returned it to below that high. The larger trend is Bear, the OBV fell sharply over the last couple of weeks. The retracement is weak and it is probable the Bear trend will reform this week.
WEEK
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 4 MARCH = BULL
This week produced the third candle that forms a pattern, this pattern has produced reversals, with good consistency. There is the support that this pattern can become a reversal because it is in the right location of a trend support line. The longer term week trend has been bear, these last few weeks have a steep Bear angle. The volume is lower this week. The OBV is Bear, its lastest angle is steep. A reversal or at least a steeper retracement is possible because steep angles tend to have a retracement that can be traded.
Comment:
The Day forecast was accurate