The forecast for April week 2 is BULL
A quick snapshot of the month. Well, we popped a pin bar, also dubbed the shooting star. This chart has a couple of ranges which is pretty cool. We have a body type range that is 1700 to 1977. We then got the extremo range 2078 and 1680. Basically, it leaves us with two possibilities. A) is goes north and must close above 1977 we get that and we got a dam good chance of popping new highs! B) it fails and sticks inside the range.
Week 1 of April done, we got a Bull candle, it is an inside bar, it had decent volume considering the size, which is positive for more Bull action. We also have a compressing candles action as the weeks roll by. This is also good for the Bulls. Another positive is that there are bugger-all tails so rejection is down. I see a pause for the Bulls before another big rally.
Jumping to the days. One can see it supports the week view, These days just floated right on through until Friday, actually, the 4hrs chart shows it is right at the end this happened. Either way, the probability for a Bull open is pretty dam good.
A quick snapshot of the month. Well, we popped a pin bar, also dubbed the shooting star. This chart has a couple of ranges which is pretty cool. We have a body type range that is 1700 to 1977. We then got the extremo range 2078 and 1680. Basically, it leaves us with two possibilities. A) is goes north and must close above 1977 we get that and we got a dam good chance of popping new highs! B) it fails and sticks inside the range.
Week 1 of April done, we got a Bull candle, it is an inside bar, it had decent volume considering the size, which is positive for more Bull action. We also have a compressing candles action as the weeks roll by. This is also good for the Bulls. Another positive is that there are bugger-all tails so rejection is down. I see a pause for the Bulls before another big rally.
Jumping to the days. One can see it supports the week view, These days just floated right on through until Friday, actually, the 4hrs chart shows it is right at the end this happened. Either way, the probability for a Bull open is pretty dam good.
Note
Boom, winning!!
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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.