The forecast for week 4 of May 2022 is Bull
This assessment in no way considered financial advice.
This week's candle is a large engulfing Bull candle. This candle has a high probability of more Bull candles. The volume is higher than the previous week. The OBV does not indicate any change because the Bear run has been significant.
When switching over to the daily chart We can see the bull candles that have dominated have little tails, if any at all. The buying volume has also excelled. This evidence provides a sound probability for another bull week.
This assessment in no way considered financial advice.
This week's candle is a large engulfing Bull candle. This candle has a high probability of more Bull candles. The volume is higher than the previous week. The OBV does not indicate any change because the Bear run has been significant.
When switching over to the daily chart We can see the bull candles that have dominated have little tails, if any at all. The buying volume has also excelled. This evidence provides a sound probability for another bull week.