CGC Daily Review Long

Description

⋅ Jan 16, 2020 11:49 PM

(Forgot to publish yesterday after close, life happens..)

1/16/2020

After 3 days of forming higher highs and higher lows, CGC began hourly consolidation.

Bulls put up a fight at $24 all day, but be ready for bears to try and push below that level.

Hourly Closes below $24, and certainly the $23.67 fib level, would point to daily consolidation.

If today's low holds, probability favors continuation for the bulls.

Tomorrow is Monthly Options expiration, be ready for anything.

As always, NO GUESSING!

Comments

SteelyRivers

⋅ Jan 17, 2020 8:37 PM

How about an update, it certainly looks bullish and heading over 30.

notgonnabesuck

⋅ Jan 18, 2020 2:40 AM

@counsellorvasquez I’ll post an update over the weekend. It is bullish, don’t guess. We have a target on the board, we haven’t gotten there. We know where the next level is after that. Each day we receive more data and adjust. No need to project.

notgonnabesuck

⋅ Jan 19, 2020 5:06 PM

@counsellorvasquez updates are out

MikeTerry1

⋅ Jan 17, 2020 3:00 AM

I like your chart and ideas. It's a tricky mkt, but I think you have a hold on it. Thanks

notgonnabesuck

⋅ Jan 17, 2020 3:17 AM

@MikeTerry1, Thanks! The market tries to "trick, trap, fool, and frustrate" as many people as possible. I learned this from MyStrategicForecast, check him on youtube. (just a fan, not a promo)

I publish as part of a new journaling process I am doing for 2020. I strive to identify patterns that tell me the the highest probable direction of the next move and completely remove all bias. I am a trader, not investor, stocks are just a vehicle.

I'm glad you find it helpful, I am too :)