...but we're not likely to see a bounce until CGC and the S&P500 find their bottom and bounce. I'm looking at the potential we've set a major top on the ACB chart that will be revisited later down the road, but without getting ahead of ourselves - first we have to find that support to bounce from, and see the strength of that bounce in order to best anticipate...
Very disappointing to see the daily bear breaks after the bull break fake-out on Wednesday. Strong correlation to the overall market, and we're now waiting for the potentialy of an oversold bounce later this week or waiting for the hourly chart to give us another signal in the midst of a favourable daily setup
TRUL is at an important point in it's weekly setup and is in a current 2hr equlibrium - the break of which will dictate direction for the coming days and shift the odds of how the weekly setup will play out
Daily EMAs on CRON are notable to me as signs of weakness. The daily chart is a choppy mess and I will likely stop making daily CRON videos until we get more discernible patterns because trading chop is a recipe for losing money. If we break our supports we are looking into potentially hourly oversold conditions
Real title should be - "Bulls looking to base support after bull break fakeout
I still believe the bull break was real and until we break and will continue to believe so until we break daily levels. Here's what I'm watching heading into tomorrow
CRON is likely to test low of today as support first thing tomorrow, If we lose that we're looking down at a test of our support zone in the mid $20 range, otherwise we will likely form an hourly equilibrium with a lower high compared to the high of today. CRON is on watch for a beak of pattern this week
VFF big upper wick and profit taking with three bounces from the low of day, lose that level tomorrow we'll be looking for a healthy daily higher low. We've already pulled back 10% from the top of the move, we could still pull back 40% and be very healthy on the weekly chart. The triple bottom on the hourly chart makes it clear the bulls are defending the low of...