TLRY upcoming breakout. The 9 and 20 EMA converge on a S/R level, while riding a trendline to make and an ascending triangle. BULLISH. Potential breakout to $29-29.50 range.
TLRY trade ideas
TLRY looks like will have a short squeeze soonTlry looks so bullish now, it's accumulating and waiting to thrust to the upside like a beast
TLRYSorry. Maybe this will be of some help/clarify.
First those not familiar with pitchforks, allow me to explain:
The pitchfork can help us time our entries and exits. When price hits the bottom of the pitchfork, it may signal a good entry, while touching the top of the pitchfork may indicate a sell/short opportunity.
Additionally, the savvy investor may use the pitchfork and place stop losses right beneath the structure, knowing price action breaking beneath the bottom line indicates a trend change.
In any trend, it is considered healthy for price to jump around inside the pitchfork, touching the median line when it does. Price, in general, loves that middle or ‘median’ line. No one knows exactly why, but’s it’s cool we don’t judge here.
Obviously, price doesn’t stay right on top of the median, rather, it fluctuates; but for the sake of argument, look at the median line as a ‘magnet’ to which price is attracted.
Conversely, if price bounces off of the bottom line and turn towards the median, but fails to reach the median, this could indicate weakness in the security.
Using oscillators like RSI can help you gauge overbought/oversold conditions.
How do you draw it? Easy. Find your move (as always the larger the time frame, the more likely your analysis will be effective) ID the lowest point of ‘the move’ (P1). Next find the high (p2). Lastly, find the reaction low (p3). Let @TradingView do the rest.
I have to give it to them, they’ve come along way in the last year when it comes to the mobile app. Now, instead of having to scroll through the tools, which is tedious, you can use the pop up context menu to select the different pitchfork types! Love TV- keep it up!
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TLRY Amazing WedgeTLRY looks great. Perfect wedge forming. Bottom of trendline. We could see a great move up. Need some volume.
ABC BullishRisky one, and planning to watch this to be sure C is C. Retests do happen and are common.
No Rising wedges in yearly chart
Steep on impulse wave up, possibly parabolic move up. TLRY has pulled back almost to the .786 fib level of that impulse wave.
Steep falls often follow steep climbs )o:
Not a recommendation. Do not take anyone's word for it, good idea to research what you buy.
Next week to seeThe weekly support is helping tlry to not drop under 24, which is very nice, I think that from next week he will start growing again and go to the next resistance around 34.
Hanging man in TILRAY..!A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of price charts of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick
TILRAY skyrocketed 1400% in 95 trading days, make it possible for this hanging man pattern to be the Top for the trend.
If you have TILRAY, activate your exit plan.
What is interesting for me is Tilray has all the criteria for hanging man candle
IMO: Put options with risk management could be rewarding..!
TLRY with a clear long setupWith today's pullback, we now have a clear long setup. Stop at line drawn, 21.14. Target zone is PROFIT ZONE in box, between 37.07 and 39.71. Can extend.
TLRY BounceTwo alternatives. Above $35, the red alternative is likely off the table, but headed into $50, this could still be a correction.
TLRY breaking outBreaking out of falling wedge. In theory, this correction is complete, so I am proposing minute 4 done here. We need confirmation, however, but considering the degree, we'll have to wait for that. Currently about to try at S1, likely turned resistance again?
TLRY Wedge Still in playParabols tend to retrace 50%. I don't think markets can hold it back. I've been wrong before.
TLRY enters BUY ZONEAfter a huge run up, TLRY makes it's correction and enters our BUY ZONE. BUY ZONE is between 23.70 and 17.19. Hit the middle on open today and preceded to move up nicely. Might come down to our second level at 17.19 and give us a RSI and MACD divergence, but we take what the market gives us. Next move should be spectacular.
Tilray is down -70% from it's February all time highTilray (TLRY) is down -70% from it's February all time high. Tilray is a Canadian pharmaceutical and cannabis company, incorporated in the United States with primary operations headquartered in Toronto, Ontario. Tilray also has operations in Australia, New Zealand, Germany, Portugal, and Latin America. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
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