tr3mblay

Hexo - Elliott Wave Count

Long
NASDAQ:HEXO   None
If my count is correct we have completed the 3-3-5 flat correction completing the full corrective wave 2. Currently sitting oversold with some bullish divergence on the RSI and bouncing off long-term support. My only concern was the very deep correction almost near the fib 78.6 retracement of what I have labeled as wave 2.

I'm currently holding a position with an average of 0.21 and watching carefully.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.