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RyanKasper

potential PSIL breakout from descending wedge. 5:1 RR,

Long
AdvisorShares Psychedelics ETF (BATS:PSIL)  
RyanKasper  
BATS:PSIL   AdvisorShares Psychedelics ETF
Chart Patterns swingtrade psychedelics breakout breakoutsignal breakouttrading
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chartpattern swingtrade psychedelics breakout breakoutsignal breakouttrading
PSIL etf looks to be breaking out above the descending wedge it has been consolidating in. Top holding for the ETF (CYBN) is holding a meeting on Nov 30, 2023 to go over results of their clinical study on depression. Could be a breakout time for the psychedelic sector. Waiting for some confirmation on a breakout, and could take profit at 2.25 level.

Disclosure: amateur swing trader, not a pro yet
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