26/02/22 FORECAST FOR WEEK 1 MARCH 2022 = BEAR COMBINED FORECAST FOR MARCH 2022 = BULL ( (with an initial bearish start)
DAYS OF FEB WEEK 4 OF FEB FORECAST = BULL this was INACCURATE PROBABILITY FOR NEXT WEEK = BEAR
This week was fair neutral until Thursday when a spinning top of indecision formed. Volume towered over all previous volumes, very nervous investors. Friday volume smaller still towers overall the previous days. Body of Friday did not enter the body of Thursday, only the top tail did. This indicates a move south is likely. OBV is very bearish, questionable accuracy at this point.
WEEKS OF FEB PREVIOUS WEEK 4 OF FEB ASSESSMENT = INACCURATE PROBABILITY FOR NEXT WEEK = BEAR (Torn, one hand the cup handle has been broken, on the other, the pin bar with the large sell volume indicates a huge bear move pending.
Mon opened bear, within the current range, also Tuesday inside range but bull candle. Following on, Wed was a solid bull candle, nice size, little to no penetration back into Tuesday body. Thursday is similar to Wed but the volume is exceptionally large. Friday (reacted to the action of Russia Ukraine war) formed a shooting star. This tail protruded beyond the most recent high of the range, the body did not.
The OBV is out of wack with sharp moves, ignore
FORECAST MTH = BULL
Sizable bull candle, exceptional volume. OBV ow trends BULL. The chart looks to have commenced a BULL rally. =============================
THE FORECAST FOR FEB = INACURATE JANUARY FORECAST FOR FEB 2022 = BEAR
Not a bad effort for your first post. Good. I think it's more a topping pattern. In fairness to your week 4 for Feb - Unless your on speaking terms with Putin - nobody new an invasion was coming. I think MACRO's are the goto short term.
I think it's more a topping pattern.
In fairness to your week 4 for Feb - Unless your on speaking terms with Putin - nobody new an invasion was coming. I think MACRO's are the goto short term.