The prognosis for week 3 of May 2022 I call neutral as I am unable to determine the likelihood of a direction.
This assessment in no way considered financial advice.
Moving to the daily chart, we can see the first three days remained in the mini sideways trend. On Thursday the Bear rally recommenced with Friday stalling any further move. Typically we would have wanted another Bear candle for Friday. Because we haven't seen this, it creates the possibility that this week may become volatile. This week I see the bear potential but also later in the week I see the bulls coming back. It may be difficult to make a profit.
This assessment in no way considered financial advice.
Moving to the daily chart, we can see the first three days remained in the mini sideways trend. On Thursday the Bear rally recommenced with Friday stalling any further move. Typically we would have wanted another Bear candle for Friday. Because we haven't seen this, it creates the possibility that this week may become volatile. This week I see the bear potential but also later in the week I see the bulls coming back. It may be difficult to make a profit.