MikeJoseph
Short

Shorting WEED; Clear 3,3,5 Zig Zag in Progress.

TSX:WEED   CANOPY GROWTH CORPORATION
Major correction in the works.
Comment: Wedge forming potentially
what you think now?
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What about WEED going to the US stocks exchange? RSI still low. How does that affect Elliot Waves?
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This may be sideways correction of wave 2 of wave C , if so wave 4 will be sharp according to Elliot theory.
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This seems pretty extreme. How do you feel confident projecting that far into the future?
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Ive been following this since you posted and looks like its one of the more accurate posts here, looking to break the neck line to see further downside action :)
+1 Reply
MikeJoseph edwinv89
@edwinv89, Because of how deep Wave "A", I placed the C wave into the 16$ range. If it goes down to that zone I'll be closing my short.
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MikeJoseph edwinv89
@edwinv89, Wave "A" retraced*
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Correlated to SPX. Don't short it on the SPX bounce today.. If it dips, I'll be buying the dip.
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