few possible counts here, ABC it done it going down. 1 2 and the 3rd is going down for the 4. or 1 2 and it is putting in the 4 of the 3
Broke out of a big downtrend, retested it and go
super clean boring chart, still has some down i think, not clear whats exactly happening thinking an AB 12 of the C possible, more info needed to be sure. Need to break the current lows to get some better clarity. Right now double ZZ in sights.
I have been invested in ACB since early 2014-2015. The stock was highly speculative at the time with 0 confirmation of Canada fully legalizing marijuana. Fast forward to 2019...at its highest point I was up 1200%. Crazy results for any day in the market...albeit if you come from crypto...well we all know that story. As usual, you boy chases high-risk high reward...
updating long term... biggest taint tickle comes from seeing these long term charts have reactions to analysis done days,weeks,months ago... the tickle is prolly hindsight kicking me in my taint. Dat bottom right channel doe!
nasdaq bear count.. I feel dirty even using an XYZ cause CT loves to over and wrongly using it, but i may be the count. potential 2x ZZ setting up, fibs and sup/res kinda near each other, need more clarity. No BS ive been seeing alot of .786 in MJ.
its gone full ATH bulltard, extensions are tough to keep track of, dangerous entries IMO but risk could be rewarded. Youre either attempting a knife catch or risk getting dumped on... a reasonable person would wait for some LH and LL..
Reaction! The PA is not quite in the fib projection for a fif so 1 more leg down would not surprise.
waiting for a reaction though
maybe one of these 3,... but I aint Marty Mcfly... Im Marty McHigh!!!!!!!
A possible final bottom for $TLRY could be around $34 , last swing high of last summer. The EW count now seems to be still incomplete and the weakness of the entire sector could bring the price in that sweet spot. Keep in mind that Tilray is still one of the most overvalued stock in the cannabis sector with a market cap in the hundreds of times its revenues.
Classic Head and shoulder pattern Down trend is likely going to continue, watch for a fake breakout or reversal. Stochastic is sitting at 6.5