Just an educated possibility of what I could see happening on WEED :)
More of a tracking measure than anything, hope there may be some takeaway from this.
Nailed the bottom followed by the top today(FEB26) through a MM method.
Expect a nice trend out of THCX.
Aggressive drop, hammer, inside, outside, inside, followed by a sustainable uptrend.
Have my buy alert to go off when we get a nice full body above the outside bars wick.
May stumble as we reach that upward fractal level.
Starting to see an 8K reality more and more everyday.
When the downward and upward trend come together we will also be at our cyclic timeframe for a new low. At this point I truly believe we could start moving back up with a trend changeover. This will also be a hot spot for those following the elliott wave theory.
A lot more to my analysis, but I'll leave that...
Let this help guide your trades, and show the importance to time cycles when trading.
Green H lines show a consistent low point in November.
Purple H lines show a consistent high point in late April - early May.
Orange H lines show a consistent high point in mid to late December.
Now that we have established these cycles, my strategy is to find the bottom of...
LG has some good looking technicals at the moment.
Falling wedge forming nice.
Also could be a pennant with the older trendlines.
Flirting with the 100MA and this has shown great support for a swing trade in the past.
Stochastic is pretty low, but could stay down.
RSI is not quite oversold but showing resistance to going down any further.
Money flow has...
Have a strong belief that this stock is going down to at least the key level of 11.525.
11.525 will provide a great level of support, conveniently this is also where the 38.2% fib retracement is lands.
Also notice the purple moving average line, after previous runups the stock tends to like to touch this line before it will go anywhere again.
Take a look at the...
If you compare the price, volume, rsi, and macd movement as to the last move up you will find many striking similarities. Might expect this move to go a little further as the rsi and macd are much lower this time around.