For April week 4, the probability leans to the Bear
This week produced a falling star. The Bulls were not able to transform this candle, the Bears succeeded to bring the price back down. The volume was low, and the OBV trending down. The chart is near a previous support price but the OBV is lower at this point, this indicates more strength to the Bear side. Given the failed Bull attempt, and the Bear evidence the Bears have a higher probability this week.
On the Day chart, it is obvious how the Bulls started the week well but the falling star on Thursday set the tone, the Bears are still here. There is now a good probability for more Bear candles. The OBV is in alignment with the Chart and the selling volume is good but it is dropping.
This week produced a falling star. The Bulls were not able to transform this candle, the Bears succeeded to bring the price back down. The volume was low, and the OBV trending down. The chart is near a previous support price but the OBV is lower at this point, this indicates more strength to the Bear side. Given the failed Bull attempt, and the Bear evidence the Bears have a higher probability this week.
On the Day chart, it is obvious how the Bulls started the week well but the falling star on Thursday set the tone, the Bears are still here. There is now a good probability for more Bear candles. The OBV is in alignment with the Chart and the selling volume is good but it is dropping.
Comment:
Bears thats 3 from 3