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by Americanbulls.com LLC
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Last Update
16/05/2022
MARKET STATUS REPORT, 16/05/2022
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 can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. Currently, the bulls are stronger and more money is flowing into the market. You have to also know that the money waiting at the sidelines is not comfortable anymore. Sideliners are worried that they may be missing the bulls’ train.
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The <a href=http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2108>BULLISH HOMING PIGEON</a>...X.MX US STEEL Close : 487.0200 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 X.MX declined after the SELL signal which was issued on 05/04/2022. Since then, the stock price edged down by a hefty 34.14%. The bearish sentiment may be over now. Our system detected a BULLISH HOMING PIGEON pattern which may be a sign of a market mood switching from bearish to bullish. This pattern deserves utmost attention because BUY orders must be placed immediately in case of a confirmation. The BULLISH HOMING PIGEON pattern, if confirmed, indicates an upside potential of 9.65%. The massive pullback may be over, but patience is required at this point! Do not forget that confirmation is the prerequisite for any further move!
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