Here is a Cypher on OIL. I'm also watching to see if the Shark will come into play. The Shark may be unconventional to some.
I don't often trade OIL but I watch it closely as trade USDCAD and AUDUSD regularly.
Finding pattern clusters all over the place. Telling me there is indecision in many of the pairs.
This I what I watching for. Mostly looking for was to get long on the shorter time frames with this pair.
WEED has broken out of its downward trend line. Probably getting a push with the boost in healthcare and biotech.
If it can breakout some more and hold key support I will be a buyer. WARNING very risky stock. Proceed
according to your fully tested trade plans.
Just simply looking at a few longer term trend lines and structure there are a couple of places the pain may stop or at least be held up
for a little bounce. With the huge run up a pull back to the 132.50 area seems more than possible.