CGC bulls bought the gap down open and gave us a new daily higher low in our tightening range. Volume was lacklustre in my opinion so I want to see increasing bull volume Monday to give bulls confidence in our new support level
CRON hourly chart is a tightening range as bulls wait for the rest of the sector and the market to get it s bounce underway. Bulls are holding up very well and are well positioned for a move back to test our only two daily resistances if the market and the rest of the sector get a bounce going
Still patiently waiting for CGC within this pattern, we're anticipating a daily higher low unless bear volume picks up and accelerates this current move to the downside
TRST bear break on the daily got no follow through and now we're in a tightening range. Watching for a break tomorrow on volume to tell us that break is for real and has momentum. Keep in mind the past 10 weeks have been an incredibly bullish market environment, which is perfect for MJ bull runs to thrive in. We've been seeing weakness for the past few days and...
CGC broke the resistance level we were watching, but immediately pulled back as a result of correlations to market weakness. Here's the question now - are bulls just taking a breather before following through with the break, or should we start looking bearish into some greater weekly consolidation? I'll be watching these levels in the coming days. Keep in mind...
All time high test is coming this week, but the hourly chart is very extended and needs a new hourly support to be established. The only resistance left from here is our all time high. CGC is in a similar pattern but hasn't yet broke, so we're watching for that potential tomorrow
Watching CGC for a break of the tightening range we've been watching play out over the past month - all eyes on this ticker tomorrow morning
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement...
4hr gives me the most clarity. S: 269.59 R: 275,23
SQ has a night daily equilibrium playing out. We're looking for the hourly supports to break next week to signal healthy daily consolidation is coming to set a daily higher low above 64.69. I will potentially buy the hourly trend change, another strategy I may employ is to wait for the daily trend to change and break our resistance of 80.32 - that would...
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement...
High TF bearish consolidation suggestive of bearish continuation. This target would also break the longstanding descending triangle. Stop entry <6140 SL = 6400 TP = 5000-5350 Previous resistance turned support from Sept and Oct of last year also at these TP levels.
In this video I analyze a live trade that I have been in for a few days now. I discuss how I was able to use price action to point out "red-flags" where it looked like price might turn against me. By acting on the price action I was able to get out just before a large drop and then get back in, almost where my trade originally started, but with a better cost...
Price has had a small bounce off of the bottom of the pennant that I have been discussing for the past few weeks. This is a bearish bias pennant and one that I am watching to go short from. There are 2 potential trade setups to get short, one is simply going short on a break of the bottom of the pennant, which will confirm the pattern. The second option is if...