For this coming crossover week, April to May is Neutral
This week a significant bear candle, no tail on the top but a semi-decent tail. The volume however was lower and this indicates a strong Bear momentum. The OBV is definitely pointing Bear.
On the daily chart, Monday opened Bear and progressively hit one bear candle after another. Friday presented a standard Bull candle and it is likely there will be some sideways. Forecast sideways then maybe another Bear move to start Friday.
This week a significant bear candle, no tail on the top but a semi-decent tail. The volume however was lower and this indicates a strong Bear momentum. The OBV is definitely pointing Bear.
On the daily chart, Monday opened Bear and progressively hit one bear candle after another. Friday presented a standard Bull candle and it is likely there will be some sideways. Forecast sideways then maybe another Bear move to start Friday.
Note
This week was a decent assessment, I clearly saw the potential, but the move was thursday.
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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.