26/02/22
FORECAST FOR WEEK 1 MARCH 2022 = NO CLEAR CALL
COMBINED FORECAST FOR MARCH 2022 = BULL (with an initial bearish start)
DAYS
WEEK 4 OF FEB FORECAST = BEAR = INACCURATE
PROBABILITY FOR WEEK 1 MARCH = NO CLEAR CALL POSSIBLE
This week was fairly neutral, until Thursday when a significant shooting star formed. The volume towered over all previous volumes, very nervous investors due to war. Friday's volume smaller, candle formed a spinning top. Next week has a good probability of being indecisive.
OBV is very bullish.
WEEK
WEEK 4 OF FEB FORECAST = BEAR = INACCURATE
PROBABILITY FOR NEXT WEEK = BEAR or Sideways
Large shooting star, a bull with exceptional volume. Previous weeks had tails rejecting move to the south. Overall week trend looks to be stalling. OBV is trending north, with this, it may indicate a stronger momentum at play.
Based purely on the price action path of least resistance says a few more bear candles are to come. No call for a reversal at this point.
MONTH
FORECAST MONTH = BULL
Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of a BULL dominated influence. The chart looks to have commenced a BULL rally.
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FEB WAS BULL = ACCURATE
JANUARY FORECAST FOR FEB 2022 = BULL
FORECAST FOR WEEK 1 MARCH 2022 = NO CLEAR CALL
COMBINED FORECAST FOR MARCH 2022 = BULL (with an initial bearish start)
DAYS
WEEK 4 OF FEB FORECAST = BEAR = INACCURATE
PROBABILITY FOR WEEK 1 MARCH = NO CLEAR CALL POSSIBLE
This week was fairly neutral, until Thursday when a significant shooting star formed. The volume towered over all previous volumes, very nervous investors due to war. Friday's volume smaller, candle formed a spinning top. Next week has a good probability of being indecisive.
OBV is very bullish.
WEEK
WEEK 4 OF FEB FORECAST = BEAR = INACCURATE
PROBABILITY FOR NEXT WEEK = BEAR or Sideways
Large shooting star, a bull with exceptional volume. Previous weeks had tails rejecting move to the south. Overall week trend looks to be stalling. OBV is trending north, with this, it may indicate a stronger momentum at play.
Based purely on the price action path of least resistance says a few more bear candles are to come. No call for a reversal at this point.
MONTH
FORECAST MONTH = BULL
Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of a BULL dominated influence. The chart looks to have commenced a BULL rally.
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FEB WAS BULL = ACCURATE
JANUARY FORECAST FOR FEB 2022 = BULL