micahhillis

micahhillis

What I am seeing right now... Looks to me like GRWG put in a wave 1 which started March '20. Flat wave 2 hit the 50% retracement of wave 1. Monster wave 3 reached the 2.618 extension of wave 1. We've been in what I believe is a drawn out expanded flat wave 4. Feedback welcome.

micahhillis

I am personally long and bullish, but this uptrend looks to be due a pullback. Tons of indicators and sentiment and people saying we're overbought. I put this chart together for myself to hopefully get a sense of when that might happen.

micahhillis

Everything following the same lines.

micahhillis

guessing 3-4 months of consolidation at lows before new breakout.

micahhillis

long downtrend line. Await the break.

micahhillis

looks like a breakout of year long down trend which resembles the previous downtrend and breakout. MACD rising.

micahhillis

back testing recent break of downtrend. back test forming inverse head and shoulders.

micahhillis

VDE on support. Next move is telling. MACD fallen below support. looks to be the direction, but we will see.

micahhillis

I was asleep and missed the breakout and retest. Look at that volume. It's running into some resistance here at $8.00. Feels like a buy, just waiting to see if it drops back down for another retest. Breakout over $8.00 seems like a clear buy.

micahhillis

Watching for break above this resistance line for a buy.