TLRY currently in Wave 3 of 5. Looking for $16 PT by March 2021 before a short pullback. Wave 5 should complete in $21-$22 range. Best of luck!
It appears BA is currently in Wave 3 of a possible 5 Wave sequence. Each wave has it's own series of impulse waves within the larger overall wave. Key areas to look for as the chart develops: 215.37 has been a good area of supports and any drop below this could bring the following retracement levels: Retracement Levels: (.382) - $205.25 - Hit this level in...
Just wanted to provide an update to the overall picture of BA... stimulus or no stimulus today, does not really matter as it will happen soon (as of this writing, it appears they have come to an agreement so I expect the 219.85 level to hold and see a re-test of the 244.08 level) On the short term (4HR chart to the left). We are currently sitting right above .236...
Airline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and...
In the chart is my theory on Boeing based off the Elliot Wave Theory. I believe we are currently in a subwave (orange) of Wave 3. I have loaded 06/18/21 300 Calls and plan to average down from here. This is my own opinion, please do your own research before trading options. Gl to all and feel free to share your observations and opinions. Thanks!