update - is the bottom in. signals starting to say we are
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Lots of daily inside bars on watch tomorrow, of which bull breaks will have us looking for some bounce continuaiton and bear breaks would have us looking to confirm the daily bear flag and drop to lower lows
Major Canadian LPs continue to lag behind their US counterparts as the sector leaders broke to lower lows and some of the middle-tier companies saw oversold bounces. VFF remains the strongest daily chart in comparison with its peers, but is not a particularly strong chart on it's own
HEXO looking like it's ready for daily consolidation, losing the low of today will have us being patient for a couple days while a new daily support is established. Otherwise we will remain in an hourly equilibrium with a possible daily inside bar tomorrow.
We're very extended on the daily and hourly, I will certainly be interested in looking for an entry on healthy consolidation
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Watching HEXO to likely for a daily eq the way most sector names already have
Lots of hourly resistance in this area but bull volume is looking good compared to bear volume
Daily higher low is in and confirmed with hourly trend change in favour of the bulls, but we will need them to start buying in order to keep the odds in their favour
HEXO negated the bearish reversal candle from Friday and we're watching the volume on the hourly chart after an uptick in bear volume today on the pullback
Watching HEXO low volume on consolidation giving no red flags whatsoever, bulls are looking for an hourly higher low