IIPR short to 75 as low as 56 death cross at 130 Danger...

NYSE:IIPR   Innovative Industrial Properties, Inc.
Not financial advice
Death cross at 130.00
Death crossed is defined as 200 week moving average moves below the 20 Week Moving Average.
Weekly chart so won't happen overnight.
Currently trading under 20week Moving Average.
Like and follow
Classic death cross 5 wave corrective cycle that can take us as low to 56.00 by end of 1st quarter 2023.
I'm used to crypto trading so these moves happen alot slower on traditional markets but it's a pattern I've seen a thousand times.
Could get one more push up to around 110 -120 level before final drawdown.
Always be patient.
Patience is Key
Think Like A Whale
Trade active:
Made this chart and this chart worked out just as anticipated.
It was trading at 99.00 when I made this chart and said to short it back to 56.00 .
9 months later Phase E or wave 5 in 5 wave correction worked out. And now we trying to close above 50MA was a 50% short when I called it almost.
I even had the date highlighted and got it spot on. That doesn't happen alot

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.