Extreme ranges here. Day traders paradise. These swings are 30% each way. So much profit, trading the range. Anyways, this looks like it is holding during the indices correcting. When indices bounce, we should see a nice rally.
Maybe... As long as the low in the red circle holds, this proposal is valid.
Up will release energy upward, down will release energy to the downside.
Stuck below the .618. Above will attempt to see $30 or $34.
For either proposed scenario, a bounce here at the golden pocket, would be essential.
Overvalued as can be, but brilliant marketing will always pump this one with the broader industry. I was looking for a pull back to go long, as I didn't have a position from before, apart from some gains from individual trades. I bought into weakness today, lets see what she can do for me.
I like how this looks. Holding into April. We'll see.
Two alternatives. Above $35, the red alternative is likely off the table, but headed into $50, this could still be a correction.
Looking for continuation to the red FIB targets. Above those, correction possibly over.
Breaking out of falling wedge. In theory, this correction is complete, so I am proposing minute 4 done here. We need confirmation, however, but considering the degree, we'll have to wait for that. Currently about to try at S1, likely turned resistance again?
Quick update to previous proposed dual count. Falling wedge in play, seems to favour the bull count. Not surprisingly, a break out here would target the proposed upper range.
Parabols tend to retrace 50%. I don't think markets can hold it back. I've been wrong before.
Wonderful retest at panic selling yesterday. Found demand exactly at the diagonal. That said, who remembers my bearish stance on $CGC, just 6 months ago, I predicted that we should wait for $CGC to dilute their float to raise cash. Yesterday announced issues of common shares to raise $2B. How will investors react? Their market cap is ridiculous, don't think they...
Looking like it is trying to form a top. Wave 5 still in progress.