Hello Traders!
I wanted to take a look at TLRY, as per psbassin's request.
Thank you for sending this :)
We see TLRY still creating bearish market structure (LL, LH) and moving nicely within a descending price channel.
At its current range, it has been testing its Monthly Level of 2.70 as support but now finding resistance at our POC of 3.18
Each time the monthly is test, it becomes weaker.
So what would I like to see?
I would like to see a break to the downside, grabbing our liquidity from Mar 2020 before considering placing a long position on this chart
If it breaks down further?
We will see if it still respects our descending price channel and enter a long from the bottom of that range.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
I wanted to take a look at TLRY, as per psbassin's request.
Thank you for sending this :)
We see TLRY still creating bearish market structure (LL, LH) and moving nicely within a descending price channel.
At its current range, it has been testing its Monthly Level of 2.70 as support but now finding resistance at our POC of 3.18
Each time the monthly is test, it becomes weaker.
So what would I like to see?
I would like to see a break to the downside, grabbing our liquidity from Mar 2020 before considering placing a long position on this chart
If it breaks down further?
We will see if it still respects our descending price channel and enter a long from the bottom of that range.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
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