Neutral Analysis
4H has some Bullish Divergence.
Falling Flag/Channel
Price created a Doji (Indecision Candle) at the bottom of Channel and inside Monthly Double Top Neckline Zone.
Weekly and daily finished very Bearish (Full Candles)
Next week will wait for confirmation to see if the pattern will play out for the upside/pullback or
If price will continue down through the neckline and Weekly Bearish Divergence.
Overall, still expecting 2022 to be a Sellers' Market due to the "M" Pattern on Monthly.
4H has some Bullish Divergence.
Falling Flag/Channel
Price created a Doji (Indecision Candle) at the bottom of Channel and inside Monthly Double Top Neckline Zone.
Weekly and daily finished very Bearish (Full Candles)
Next week will wait for confirmation to see if the pattern will play out for the upside/pullback or
If price will continue down through the neckline and Weekly Bearish Divergence.
Overall, still expecting 2022 to be a Sellers' Market due to the "M" Pattern on Monthly.
