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Due to the size of the red body today it's not quite a "Falling Three." Maybe we can call it "A Slightly Falling Three with Bearish Mini Hammer?" No? Yes? Regardless, almost the entire body is lower than the first candle stick in this 5 day pattern. HOWEVER....the close on this little guy is higher than day 2 and almost as high as day 3. Normally, I would wait for a lower price, but I'm anticipating that we will just keep going higher until we have cleared October 17th. At this point, I'm guessing institutional investors are buying lows and holding, while novice investors are buying high and selling low. Also, it's starting to seem like CGC doesn't kick into over bought until we hit the RSI of 80%. Tomorrow may be a good time to scoop up a couple extra. Happy Trading :D
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