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SINGAPORE COVIS-19 Wave 3 Projection Update IV

Oleh Auguraltrader
While the weekly chart still show some momentum, the daily chart has plateaued as expected (from update III) and the MACD histograms have started to decrease. This means that as we grapple with the current situation, with a pseudo lockdown, the effects are observable as we catch up with the curve. This downtrend needs to continue consistently for the next two weeks. Any flare up would mean we missed a part of the next infection generation and are actually in the eye of the storm instead of on the way out of the storm.

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Chart PatternsCoronavirus (COVID-19)covid-2019Technical IndicatorssingaporeTrend Analysis
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