What's going down for week 3 April 2022 - Combined let's go neutral
This week turned out to be a week of indecision. The candle was a doji/spinning top. The OBV is diverging from the candle chart. Summary of the week, the candle angle has flattened out, OBV sideways, candle spinning top says higher Bull probability.
Looking at the Day chart, Monday produced a bear candle and Tuesday a decent-sized bull candle, these candles have bounced off a support line. But the bear responded on Wednesday and Thursday as the price tug of war explodes. In summary, the bulls are now trying harder to introduce a reversal for higher prices. But the bears are not ready to give up. So while the week looks good for Bulls the days are yet to show the bulls can take over.
Also, note the OBV is in alignment with the chart and the selling volume on Monday and Thursday was fairly decent.
This week turned out to be a week of indecision. The candle was a doji/spinning top. The OBV is diverging from the candle chart. Summary of the week, the candle angle has flattened out, OBV sideways, candle spinning top says higher Bull probability.
Looking at the Day chart, Monday produced a bear candle and Tuesday a decent-sized bull candle, these candles have bounced off a support line. But the bear responded on Wednesday and Thursday as the price tug of war explodes. In summary, the bulls are now trying harder to introduce a reversal for higher prices. But the bears are not ready to give up. So while the week looks good for Bulls the days are yet to show the bulls can take over.
Also, note the OBV is in alignment with the chart and the selling volume on Monday and Thursday was fairly decent.
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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.