Cresco Labs Inc - $CRLBF Chart Analysis

OTC:CRLBF   Cresco Labs Inc

Cresco Labs Inc. has been trading south with some funky price movements, but can this 'funk' produce some good highs? -- No.

On the weekly chart, #CRLBF looks to be starting it's 3rd wave on the interval cycle and will push price down considerably the next week or so before tapping in the help of the 3/4 correction wave prior to crushing the 5th wave down.

Like most of the cannabis tickers being shorted, this correction could see a $1 swing play, but I would proceed with caution as this correction will likely be covered and shorted the same day (super fast) in order to trap more bulls on the way down.

$4 seems to want to start the support zone of this impulse wave, but likely will push price down more before what could be the correction of the cycle in Aug.


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