Aleafia is potentially trading in an Ascending Triangle.AH is forming an Ascending Triangle or potentially a Bullish Flag, the dark green line is the base of either a bullish flag or descending triangle, the dark red line is clearly the downward sloping resistance of the pattern.
The dark blue upward sloping line of support has seen multiple bullish reactions upon being tested, I have placed three blue arrows to represent each time we've seen bullish price action upon the blue upward sloping line of support. The blue question mark is where I expect to see another bullish bounce keeping an Ascending Triangle & Bullish Flag intact.
Keep an eye on the divergence that will likely emerge on the RSI if another bounce happens in the price & a rejection comes into confluence with the previous two rejections on both the RSI & price.
Ah
Possibly an Inverted H&S for Aleafia Health? In blue I have outlined a bullish flag or descending triangle, or possibly a falling wedge, it appears as though momentum is leaning towards the bears creating a series of lower highs, but the blue downward sloping line of resistance looks like it's about to be breached to the upside, and continued bullish price action could possibly create a inverted H&S pattern.
Only time will tell.
Gold Rises to Top of Month Long RangeOn Monday, Gold continued Friday's move up and rose 2.1 points to close at 1254. I have highlighted the month long range on the chart. Price also closed above the 7 day moving average and the haDelta has turned back to blue. In addition, the upper Bollinger Band has started to move higher to 1271.90 And the Heikin-Ashi chart below shows a strong potential trend change.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
