Looks like this is in an impulse wave. I feel this current wave will be strong.
Stop set at 1.90.
Justin Trudeau is supposed to make a Canada MJ announcement on this April 10th. Aurora cannabis is listed in the Canadian Marijuana sector EFT HMMJ.
Stop set at 1.90.
Justin Trudeau is supposed to make a Canada MJ announcement on this April 10th. Aurora cannabis is listed in the Canadian Marijuana sector EFT HMMJ.
Trade active:
I can see this being bullish on Monday with the announcement. I see resistance near $2.50 daily and weekly. It may be a "sell the news" type thing. It would have to find a new support point. Old resistance 2.16ish on daily and weekly would be obvious.
That would make an extended wave 1 in this 5 wave movement if this holds true to the updated forecast. The last waves would be compact. Again, wave 4 in all this would go into extended wave 1. That breaks the Elliot rules, but I believe modern trading doesn't apply to the rules of old. Another old rule, 2 waves should most likely be equal, but you'll never see an equal to an extended wave 1 in modern trading.
That would make an extended wave 1 in this 5 wave movement if this holds true to the updated forecast. The last waves would be compact. Again, wave 4 in all this would go into extended wave 1. That breaks the Elliot rules, but I believe modern trading doesn't apply to the rules of old. Another old rule, 2 waves should most likely be equal, but you'll never see an equal to an extended wave 1 in modern trading.
Trade closed: target reached:
hit resistance, so we'll have to find a new bottom. It may happen today or tomorrow. This wave was shorter than I thought, but logical at or above a resistance point.
Trade closed: target reached:
I can see this going down to 1.90ish. Not sure if it'll be 1 or 2 days or more oddly. Getting mixed dates on the MJ bill introduction. I see this Thursday a lot, but they promised by April 20th. Too much fake news out there.
Trade closed: target reached