Hourly Chart: Bearish Channel.
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp
Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.
Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.
Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing, Hanging man, and a Doji.
Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.
Conclusion: Bearish is the most probable scenario.
Educational Articles:
1- Channel:
https://www.investopedia.com/terms/p/price-channel.asp
2- Trend:
https://www.investopedia.com/terms/t/trend.asp
3- Evening Star:
https://www.investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
https://www.investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
https://www.investopedia.com/terms/d/doji.asp