Just an observation. That candle on the weekly looks very ominous.
Looking like a big descending triangle, critical point will be the third test of $1.00 - it’ll probably break through and collapse down to $0.40 if I had to guess. But it might break up at the end of the squeeze.
We might need to close this gap and come back down to .40 before we begin a new bull run. I hope I'm wrong.
My plan is to buy in the green, set tight stop losses in the yellow, and abandon ship in the red.
That final fib loks gud, I'm gunna buy the dips and trade the range, then pop out at 1.76 and let it come down a bit.
So I put some lines on your lines. This looks sorta bullish to me, but idk I lost out a bit on this crash so probably don’t listen to me.
Possible descending triangle with support around 1.67ish. Might hit that next fib line at the end of the squeeze. But what do I know? Idk.
Could CAN be bouncing off of trend line and 0 fib line? Interesting that the trend line and the fib intersect right where CAN found support this week. Thoughts?
Just some ideas on a possible mid-term trend for TLRY. Draw your own conclusions.
Just an observation, draw your own conclusions.
It appears that CCJ is not trading this morning. I googled it and found a paywall article posted 2 hours ago that says "CCJ Halted, News Pending" - does anyone have any ideas what's going on?
Just an observation, could be indicator of short term continuation of bullish trend.
If we filter out the explosive FOMO WSB trading, it looks like we may be back on a healthier upward trend. Just an observation.