The prognosis for week 3 of May 2022 is Bear.
This assessment in no way considered financial advice.
Onto the daily chart and we can see the candles are trending in a consistent manner that says 'I know my direction, I am going down' This rally will continue until we begin to see some volatility within the candles. The range is also very tight, this is another indication of a defined trend. The angle is not too steep, again, toward the end, we should see the angle increase, otherwise, any retracement/correction (briefly heads in the other direction) should be shallow.
This assessment in no way considered financial advice.
Onto the daily chart and we can see the candles are trending in a consistent manner that says 'I know my direction, I am going down' This rally will continue until we begin to see some volatility within the candles. The range is also very tight, this is another indication of a defined trend. The angle is not too steep, again, toward the end, we should see the angle increase, otherwise, any retracement/correction (briefly heads in the other direction) should be shallow.