Title
by Americanbulls.com LLC
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Last Update
05-12-2022
MARKET STATUS REPORT, 05-12-2022
The market is moving SIDEWAYS for the moment. The bears have an upper hand, but the bulls are also not sleeping. On the other hand, we cannot say that the bulls are very happy but they do not want to change their positions yet. Currently, the bulls are slightly stronger but the flow of money is rather balanced. You have to also know that the bears are not very comfortable and they are closely watching the market for a timely entry.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2105>BULLISH PIERCING LINE</a>...3HCS.MI Wisdomtree Copper 3X Daily Short Close : 7.2560 chart showing Series 1 series, Series 2 series, Series 3 series, Series 4 series, Series 5 series, Series 6 series, Series 7 series, Series 8 series, Series 9 series.
The chart above shows how 3HCS.MI took a negative turn after the SHORT signal which was issued on 30-11-2022. Since then, the stock price fell down by 14.11%. There are by now decisive hints casting doubts about the continuation of the downbeat mood. Our system detected a BULLISH PIERCING LINE pattern, which may be a sign of a market sentiment switching from bearish to bullish. This pattern deserves utmost attention, because the SHORT positions must immediately be covered and long positions must be taken, in case of a confirmation. The BULLISH PIERCING LINE pattern, if confirmed, indicates an upside potential of 6.85%. It may turn out to be a good opportunity for bottom fishers, but patience first! Do not forget that confirmation is the prerequisite for any further move!
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