April week 2 2022, I think a good chance of any direction :-) lets go neutral
Checking out the month we can see March was a cracker month. A major Bull candle with no bottom tail, and only average volume, means easy gains not much effort. April has started of not too shabby either.
Oki doki, week 1 is week number two of the slow down. Volume has decreased from the last. I'd say this is either, a temp run out of puff or a retracement pending, the week could go either way.
If we sink into the days, we can see to small humps, a slant in the volume, heading down. The OBV is diverging so there is a decent chance of a few Bear days.
Checking out the month we can see March was a cracker month. A major Bull candle with no bottom tail, and only average volume, means easy gains not much effort. April has started of not too shabby either.
Oki doki, week 1 is week number two of the slow down. Volume has decreased from the last. I'd say this is either, a temp run out of puff or a retracement pending, the week could go either way.
If we sink into the days, we can see to small humps, a slant in the volume, heading down. The OBV is diverging so there is a decent chance of a few Bear days.
Note
Overall, I think this was a safe assessment. 3 days of the week were pretty neutral.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.