never been this high before , no not the cannabis markets
price is trading in an ascending bullish parallel channel but failed as of current to reach the intraday high @ 119.397. inside the channel price broke out of bullish trendline forming multiple OCHL candlesticks below it , price went to retest the supply zone which is the origin of the trendline break move indicating a change in momentum from bullish to bearish.
i have short positions with 1st target at liquidity pool areas @ 118.461 and target 2 at liquidity pool areas @ 117.798 and last target at 116.967 . if price reaches a target then stops move to breakeven and trailed to maximize possible profits while managing risk.
overall targets are bullish but that is an idea for another day.
You usually have to wait for that which is worth waiting for. Craig Bruce
i have short positions with 1st target at liquidity pool areas @ 118.461 and target 2 at liquidity pool areas @ 117.798 and last target at 116.967 . if price reaches a target then stops move to breakeven and trailed to maximize possible profits while managing risk.
overall targets are bullish but that is an idea for another day.
You usually have to wait for that which is worth waiting for. Craig Bruce
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.