We seem to be seeing the appearances of many bottoms in the market (GOOD SIGN for other profitable trades). SNDL is another one. This one may take off hard to the upside with little prep. I have entered already just before posting this chart. The price action has already tested the 50% Fib and gone sideways.. and so now its just a matter of time. If it does not pop today should trade sideways for awhile. Set your stops and lets see what SNDL can deliver to us. Should be a quick easy payoff on this one. I did call an earlier premature bottom, but maybe this is it.. if not- set your stop and you live another day. These bearish patterns can be very trickey.. an exploited hard to the up or downside, but when called properly they pay well. We say this on RKT not long ago- and NKLA.. RKT was big. NKLA has yet to play completely pout but same pattern. SPCE is another one that is about to complete t THE SAME PATTERN lol. Just ones to watch. I AM. One thing is you do not want to be on the wrong side of these patterns.
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Intermediate target 1.04 at 61.8 FIB. Possible support here and move up again.
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Looking for this to hold .83 -.85 cents. Lower than this it could get a bit dicey.
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Looks like we may have takeoff- stay strong :)
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Update to chart being posted today. Still same targets but will give everyone the initial idea I had- the patterns are confirming themselves now.
Moorsc0de aka Crypt0nomics aka Zaphkiel
