The prognosis for week 3 of May 2022 is a higher odds of a Bear candle this coming week.
This assessment in no way considered financial advice.
This week constructed a bear candle that broke free of the superficial reading support line. The south tail of the candle was decent, indicating some Bull contest. The volume is almost equal to the previous week (a falling star). These two candles indicate serious rejection for the Bulls. The next support level is 67c. The OBV is horizontal and does not really reflect the direction of the last few weeks. This may evolve into a crucial observation, All signs other than the OBV point to another Bear week.
This assessment in no way considered financial advice.
This week constructed a bear candle that broke free of the superficial reading support line. The south tail of the candle was decent, indicating some Bull contest. The volume is almost equal to the previous week (a falling star). These two candles indicate serious rejection for the Bulls. The next support level is 67c. The OBV is horizontal and does not really reflect the direction of the last few weeks. This may evolve into a crucial observation, All signs other than the OBV point to another Bear week.