Key daily levels - 5.92 - 6.43
Zooming into the 4hr chart we don't see a very optimistic picture whatosever - sideways consolidation doing nothing except cooling off the potentially in advance of another leg down. Our 4hr higher low in the equilibrium is at 6.00, if we lose that level we will likely break the daily support as well.
Be aware there is market correlation between the mj sector with the S&P500 , and keep in mind that SPY lost the daily uptrend today. It's often said that high tides raise all boats; likewise, low tides can beach all ships.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.