Again, our favorite FX pair is the USDMXN....we follow it closely. The currently path upwards has first resistance at 21.77...tried once to break it and now has a second time to do it. We think it eventually breaks to the upside. The bottom is in!!!
One of the miners that we are following is AG. Made a bottom with a nice 5 waves up that finished with the spike in silver a few weeks back. Now done it's retrace and if this holds, we expect a minimum price target of 55....that is marked by our box in the PROFIT ZONE. First need to break previous high of 24.01, then pretty much off to the races.
OGI, another cannabis stock that we have been following enters our BUY ZONE today, and quickly turns. This hit our 50% retrace level from the move up. If this level holds, projects to 7.72 for the next move up.
After a huge run up, TLRY makes it's correction and enters our BUY ZONE. BUY ZONE is between 23.70 and 17.19. Hit the middle on open today and preceded to move up nicely. Might come down to our second level at 17.19 and give us a RSI and MACD divergence, but we take what the market gives us. Next move should be spectacular.
SPWR after huge move, makes a classic ABC correction and enters BUY ZONE. Offers a 2.5 to 1 risk reward if entered here with a target at previous high (before ABC correction). Would like to see divergent RSI and MACD before entering...
So USDMXN is respecting both the 19.61 level and the purple downtrend line. A lot of touches on the trend line (red circles drawn) and rejections. We are looking for a break on this trendline as a first signal of reversal. Below 19.61 we have 19.03 and 18.55 but we don't think it goes there.
Similar fractal from when it climbed from 18.55 to 26, we were...
ACB, another potstock, has a powerful 1-2-i-ii set up. In Elliot Wave terms, that's a rocket. It's an impulse within an impulse, so goes with the sentiment on pot stocks (very bullish). The red wave is the first impulse, with a green wave being the wave 3 of the red wave. Great buy here, with great risk reward. Green fibs target 20 to 23, then a retrace and...
So DOT showed it's legs and got to our 1.38 fib level we were tracking. Took partial profits there. Next level is the 1.62, that is 52278. Again, dot vs BTC here.
Very bullish. If not in look to get in.
So after posting several TLRY charts with a consolidation pattern that offerred time to buy the pullback, TLRY breaks the 11.59 price level given and takes off. Currently at our 21 level, we don't think it holds and this will keep going to 38.25 at a minimum. Boxes shows price levels according to fib levels, but if a very strong wave could just keep extending. ...
Look at the nice steps for OGI. Should hit the first box at least to 2.94. Follow the yellow (orange) brick road to higher levels. This, along with the potstocks sector looking for a huge boost. Wait for legislation to be anounced for a major gap up. A lot of front running right now.
Here's my take on linkbtc....level to watch for trimming or taking partial profits. Missed the BTC run? Here's a chance to stack sats with link. Fibs line up nicely with previous resistance/support levels.
USDMXN has been in a deep move down and now has a what might become a potential bottom. Breaking the trendline (points where it tested are circled in red) would be a good signal...looks like the trendline with the fib line (orange horizontal line) might be the intersect, around 20.25.
By breaking, we would like to see a daily break and ideally a weekly break above.
CRON makes a nice impulse bottom forming pattern off the 4.62 level. Five up, following the pattern we were watching and trading. Major support at 4.00, with this making a tasty 1-2, i-ii to trade. Now it's decision time, as we are watching both an ABC correction pattern targeting 7.23 price zone that is around the 38.2% retrace off the 4.62 low to 9.15 high. ...
TRLY continues to consolidate before it´s next move. We remain bullish on this #potstock, along with the sector. Levels to continue watching are 6.66 on the downside. Break of that and we have 5.33 as next zone. On the upside, a strong break of 11.60 will bring us the rocket ship, a confirmation of the bullish trend and wave 3. Keep it mellow my friends.