I find I can pump a lot more analysis, if I don't explain anything haha. This will likely resolve up here. Also consider sector fundamentals...
Best data I got. Probabilities will be probabilities. Looking pretty likely we need to test 3.9-4k here first before heading back down to 3.6k again. If we're gonna bounce and keep charging up it'll be from there but data pointing to a solid chance of falling through that level and crashing down to retest 3.25k at the bottom of the current megaphone. Time will tell.
The chart speaks for itself, August 9th 2020 fractal prediction hit damn near perfectly... The Green Gold Rush is on, enjoy the moment B)-~
This is now my number two long term growth pick, recently supplanted by the winning APHA/TLRY combo. Still a better company than ACB by a good margin. OGI best value and ACB next best value though, these two been in the trenches for most of 2019 relative to the overall industry. HEXO and SNDL still strugglin but holdin up OK, also great value there but much...
Wow ACB is still really undervalued here. Gravity still strong, for good reason too, TLRY/APHA is crushin the game right now with CGC not far behind. Really hopin for this competitive pressure to keep the lid on prices and maybe even drop it back down, most likely value pickup here although there's a lot of great players on the scene right now. CLVR is my new...
Gonna BTFD until weed is legalized in America and then retire. GL ALL. Better hope you were paying attention...
We're currently treading through No Man's Land. For how long can we dodge the economic mines? Should we try to charge through? Will we go slow and steady? What are the mines? And which ones will be on our path? Our fate is inevitable, only time can tell.
It could be a continuation pause but doesn't feel right. More likely it reverses back down here. Notice how Price came to rest exactly on the fractal mid-line. That downchannel fractal also got tested pretty spot on from both sides on Prices way up. I expanded the Value Channel yet again here, doubling it. That puts any Price under 30 as target pickup but it...
Very interesting weekly structure here. I guess it's technically bullish as the second top closed green and a smidge higher than the red top but boy it's pretty damn indecisive since the start of this year. Wheel's wobbling off lol.
Another spike prediction in the bag and we learned FWs are helpful structures for predicting UVXY and that steepness seems to be an important signal. OG Idea: We should still see another HH soon but may take a few weeks to hit... let's see!
That was a fun ride down and back up. From here I still have strong doubts about Price Action's strength to break and hold above this 1Y Peak Channel. At this point a weekly close above seems quite unlikely but next week should be our best shot at it (maybe the week after) before we fall back into the downtrend here. The closely grouped lines were for day...
Wish I could publish my 5M but these are the points I'm lookin out for over the next few days...
We reset a bit, I loaded some more. Shit gonna get more volatile before we close out this market downtrend.
Generally this yellow line should be useful for longing X over, shorting X back under or shorting a rejection. As long as markets don't just tank anyway. Got some great mileage out of it today. Price rejected around my trend fractals where I was expecting, made for easy long and then short into close as we hit LHs on the way down. GL all.
You can't make this stuff up lol. Fractal Theory FTW! OG thread:
What confirmation of fractal theory. Nearly perfect slide down along all interconnected fractals. Gonna be hard to bounce with liquidity softening!
After breaking below the RW structure... we cascaded below our white fractal and right into the top of the 5Y Peak Channel... where it held for a moment before cascading through the bottom of the 1Y Peak Channel... and dropping right to 5Y Peak Channel mid-line and back up over the 1Y Peak Channel bottom... where it tested many times before bouncing off the...