20/03/22
FORECAST FOR WEEK 3 MARCH 2022 WAS = BEAR = INACCURATE
THE COMBINED FORECAST FOR WEEK 4 MARCH 2022 IS = BEAR
DAYS
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR (but watch it first)
Week 3, Monday produced a Bear candle with no bottom and upward tail. Tuesday produced the Bull candle to Monday's Bear, no bottom with a tail on the top. This is a reversal pattern. This pattern eventuated and the week remained Bull. The volume increased until Tuesday, afterward it gradually decreased. This falling volume indicates the Bull momentum will be tested adding to the test is the long-term Bear trend, and the recent bull week has hit a support line. The OBV is also trending down overall. It is probable the trend will continue Bear but it needs a price action before a Bear is confirmed. A pin bar, shooting star, or two candles of equal size but an opposite trend. Watch and trade only on good price action.
WEEK
WEEK 2 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 3 MARCH = BEAR
Week 3 of March produced a Bull candle and will a mirror version of the previous bear week there is a slight difference. Last week has a small tail. If a tail was missing this would be a decent Bull reversal signal. The volume was down from last week. There is nothing remarkable that indicates the Bear trend is finished or even finishing. The path of least resistance is the downtrend, the 2nd week prior broke its last support line, it appears the highest probability is Bear.
FORECAST FOR WEEK 3 MARCH 2022 WAS = BEAR = INACCURATE
THE COMBINED FORECAST FOR WEEK 4 MARCH 2022 IS = BEAR
DAYS
WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR (but watch it first)
Week 3, Monday produced a Bear candle with no bottom and upward tail. Tuesday produced the Bull candle to Monday's Bear, no bottom with a tail on the top. This is a reversal pattern. This pattern eventuated and the week remained Bull. The volume increased until Tuesday, afterward it gradually decreased. This falling volume indicates the Bull momentum will be tested adding to the test is the long-term Bear trend, and the recent bull week has hit a support line. The OBV is also trending down overall. It is probable the trend will continue Bear but it needs a price action before a Bear is confirmed. A pin bar, shooting star, or two candles of equal size but an opposite trend. Watch and trade only on good price action.
WEEK
WEEK 2 OF MARCH FORECAST WAS = BEAR = INACCURATE
PROBABILITY FOR WEEK 3 MARCH = BEAR
Week 3 of March produced a Bull candle and will a mirror version of the previous bear week there is a slight difference. Last week has a small tail. If a tail was missing this would be a decent Bull reversal signal. The volume was down from last week. There is nothing remarkable that indicates the Bear trend is finished or even finishing. The path of least resistance is the downtrend, the 2nd week prior broke its last support line, it appears the highest probability is Bear.
Comment:
Week3 forecast inaccurate