I've seen this pattern a few times recently.
Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.
TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.
Now that the liquidity is tapped below the low, TLRY may be ready for a pop or who knows maybe even a very large pop.
Earnings coming up can bring volatility and if its good news then perhaps a big bounce will be coming.
This is a trade that will need a little luck but its worth a punt.
If it doesn't pop I still think this is a good area for a long term hold at the 3 year low.
Not advice.
Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.
TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.
Now that the liquidity is tapped below the low, TLRY may be ready for a pop or who knows maybe even a very large pop.
Earnings coming up can bring volatility and if its good news then perhaps a big bounce will be coming.
This is a trade that will need a little luck but its worth a punt.
If it doesn't pop I still think this is a good area for a long term hold at the 3 year low.
Not advice.
Comment:
Shakeouts either side but this is effectively a descending channel still.
Also hidden divergence coming in from this recent low.
Today's pop is also postive.
The chances of a pop are gradually increasing I think.
Could be explosive.
Also hidden divergence coming in from this recent low.
Today's pop is also postive.
The chances of a pop are gradually increasing I think.
Could be explosive.
Comment:
Pop pop ?
Comment:
Nice pop.
Comment:
Holding well on 2020 support which was also a retracement back to the 0.618 - 0.786 retracement.
We are buying through this area.
TLRY may be about to have a rip-you-face-off rally while the bears sleep.
Might drift a bit first of course, but looking very shallow here...
We are buying through this area.
TLRY may be about to have a rip-you-face-off rally while the bears sleep.
Might drift a bit first of course, but looking very shallow here...
Comment:
Nice pump to open, we're getting close.
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Its looking shallow and low time frame RSI is remaining fairly high.
I think this has a reasonable chance of popping soon.
If not i'll hold at least until a dump and a re-test of the 2020 low and so good chance to get out without damage if it goes wrong.
My gut says it pops.
Seen this movie before 🤔.