26/02/22
FORECAST FOR WEEK 1 MARCH 2022 IS = BULL (Based on alignment with Day and Week)
COMBINED FORECAST FOR MARCH 2022 = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
DAYS
WEEK 4 OF FEB FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 1 MARCH = BULL
Days during this week were volatile. These days sit inside a range ongoing since December. Friday's candle offers insight into the direction of the trend. This solid and larger body bull candle has formed at a key point It is a strong candle at the top of this range. Thursday candle supports a bull move by rejecting the bears. Volume on Thursday is significant but it is a knee-jerk reaction from the war event that has commenced.
The OBV daily chart is in divergence with the candles. This may play an important role and may result in this Friday bull candle being a fizzle.- Overall there appears to be a higher probability of a BULL week than a BEAR week.
WEEK
WEEK 4 OF FEB FORECAST WAS = NO CALL MADE = ACCURACY N/A
PROBABILITY FOR WEEK 1 MARCH = BULL
This week was again bull, it is the 4th bull candle. Volume is increasing, this supports the notion of higher prices ahead. The OBV has also responded but I take note that the recent low does diverge from the candle low respectively.
MONTH
FORECAST IN JAN FOR FEB = BEAR = INACCURATE
FORECAST IN FEB FOR MARCH = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
This month retaliates to January. A definite struggle of both sides to take control, neither is winning. This price point has not been tested like this previous, instead, any direction change was swiftly counteracted. This is a tug-of-war, which is timely as the Russian war has started. This candle was bull with little to no tails. Volume has increased from January. The OBV gives away little of the chart's intentions.
FORECAST FOR WEEK 1 MARCH 2022 IS = BULL (Based on alignment with Day and Week)
COMBINED FORECAST FOR MARCH 2022 = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
DAYS
WEEK 4 OF FEB FORECAST WAS = BEAR = INACCURATE
PROBABILITY OF DAYS FOR WEEK 1 MARCH = BULL
Days during this week were volatile. These days sit inside a range ongoing since December. Friday's candle offers insight into the direction of the trend. This solid and larger body bull candle has formed at a key point It is a strong candle at the top of this range. Thursday candle supports a bull move by rejecting the bears. Volume on Thursday is significant but it is a knee-jerk reaction from the war event that has commenced.
The OBV daily chart is in divergence with the candles. This may play an important role and may result in this Friday bull candle being a fizzle.- Overall there appears to be a higher probability of a BULL week than a BEAR week.
WEEK
WEEK 4 OF FEB FORECAST WAS = NO CALL MADE = ACCURACY N/A
PROBABILITY FOR WEEK 1 MARCH = BULL
This week was again bull, it is the 4th bull candle. Volume is increasing, this supports the notion of higher prices ahead. The OBV has also responded but I take note that the recent low does diverge from the candle low respectively.
MONTH
FORECAST IN JAN FOR FEB = BEAR = INACCURATE
FORECAST IN FEB FOR MARCH = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
This month retaliates to January. A definite struggle of both sides to take control, neither is winning. This price point has not been tested like this previous, instead, any direction change was swiftly counteracted. This is a tug-of-war, which is timely as the Russian war has started. This candle was bull with little to no tails. Volume has increased from January. The OBV gives away little of the chart's intentions.
Disclaimer
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.
Disclaimer
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.