We may see a weak retest of the lower channel. Watch for quick opportunities over the next couple of weeks.
Be patient, and watch your risk management.
Trade active
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I am watching for new low levels. Head and Shoulders is completing on Daily, suggesting a reversal is possible.
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This week we are seeing weakness. Watching for a strong rejection, perhaps a double bottom for entry zone.
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Weed is testing the 36.50/36.00 zone this morning. Look for a bounce or double bounce and reversal later today or tomorrow morning.
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We got our channel bottom test this week. Buy the fear, sell the news setup. Watch for setup, or if you are aggressive, like me, I am already building my position off the rejection.