With the tightening hourly chart, we'd expect a break of WEED by Monday of this tightening pattern. Based on the ascending triangle, I'd expect it to be a bullish break. A break of 31.85 would be the first sign, 32.52 would be major confirmation of an upward trend, and we could effectively run to 34.55 or more. The lower bar is my long-term trend bar that we've seen multiple bounces from over the past few weeks, and goes back to the start of the run in September.
Note
She broke a day early, but broke nonetheless. The crazy close has me cautious on that second resistance at $32.52.
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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.