Rundown of the top Canadian LPs and where they stand on the daily charts
CURA hourly uptrend remains intact, bulls are looking to test recent highs of 11.03 tomorrow after breaking the IB bullish today.
OH and CL bulls are starting to buy the dip but have a lot of proving to do and even if they do show up, we're just looking for daily lower highs
HARV has some problems right now, both on the chart, and in Ohio where they are apparently under investigation - perhaps leading to the problems on the chart. This is a weak bounce from daily and 4hr oversold conditions, giving us the potential of a daily bear flag
CWEB could give us an hourly equilibrium which might be a great setup from which to attempt to play the weekly higher low
IAN rejecting from a longer term daily trendline going back to March. After getting no followthrough on the 4hr resistance break, key daily support is about to be tested tomorrow
If bulls can hold the low of today, tomorrow, I'll be watching to see what volume looks like on the bounce to anticipate where we may set an hourly lower high in what I anticipate to be an hourly equilibrium that will play out into Monday
There's no real historical point of comparison to anticipate a bounce, all levels have broken
OH selloff is accelerating, and rsi on longer term timeframes are approaching historical bounce levels. Looking ideally for a flush and volume climax
Bulls are hoping for a daily inside bar tomorrow, bears are hoping to break today's low tomorrow on increased volume to get through this high volume node currently supporting the price
Watching to see if the bulls can form a daily higher low above low of Monday on this weak bounce
Potential bottomfishing play off key daily support if we approach that support in oversold conditions
Traders are taking notice of this clear support zone on Charlotte's Web. 4hr equilibrium break is on watch as a break is imminent
CURA monthly higher low looks to be set after news gives a breakout of the 4hr descending wedge pattern we've been watching
TRUL bulls hav ea line in the sand to defend after a clear daily bear break didn't get much followthrough. The tightest range on watch is the daily inside bar today but anything under 15 on the daily is just a lower high
IAN clear daily levels are defined, lines in the sand for bulls to shift momentum or bears to continue momentum.
Daily consolidation on MMEN is not healthy at this point, bulls are trying to find a weekly higher low above 2.51 all time low. Watching the 1hr RSI equilibrium to see if it gives any early signals for a potential intraday scalp trade.
CWEB has bounced 70% from the low and doesn't yet have a weekly higher low, I'm watching this 4hr equilibrium to tell me if weekly consolidation is underway or if the bulls are going back to test the high of the bounce so far.