Didn't see that coming.. | Was there any clues I left unnoticed?
CGC - REKKKTThis is not supposed to happen before factor X (luck?).
IMO I think I did with the analyzing solid job. Please, no matter how small thing it might be. Let me know in the comments to improve
I'll walk you through my thoughts:
The Canopy Growth Corporation hit it's bottom on Fri 07/14/23. It fired up those Dank fueled rockets to head outer space with +350% gains.
I started to see exhaustion after the first pullback. After this the chart doesn't show the same momentum and there's some divergence that will be reappearing theme the following days.
You start to see decline as one would expect after this kind of run. My interpretation is that according to price action, it's starting to form a descending channel pattern. When the double top formed I was convinced the following day would come down crashing.
This happened instead. Can I blame bad luck or was there other factors that needed to be addressed?
Just like in the game of poker you will run into situations where you lose to one outer on the river. Please leave a comment and let me know what is your point of view. Thanks! I salute you all🫡
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