I've seen this pattern a few times recently.
Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.
TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.
Now that the liquidity is tapped below the low, TLRY may be ready for a pop or who knows maybe even a very large pop.
Earnings coming up can bring volatility and if its good news then perhaps a big bounce will be coming.
This is a trade that will need a little luck but its worth a punt.
If it doesn't pop I still think this is a good area for a long term hold at the 3 year low.
Not advice.
Here it is not exactly the same but there is a steep then shallow descending channel separated by a dump that led to a pump.
TLRY dump fell below the major 2020 low and so this is a significant area for a SRP shakeout reversal pattern.
Now that the liquidity is tapped below the low, TLRY may be ready for a pop or who knows maybe even a very large pop.
Earnings coming up can bring volatility and if its good news then perhaps a big bounce will be coming.
This is a trade that will need a little luck but its worth a punt.
If it doesn't pop I still think this is a good area for a long term hold at the 3 year low.
Not advice.
Nota
Holding the 2020 low area well post earnings.Its looking shallow and low time frame RSI is remaining fairly high.
I think this has a reasonable chance of popping soon.
If not i'll hold at least until a dump and a re-test of the 2020 low and so good chance to get out without damage if it goes wrong.
My gut says it pops.
Seen this movie before 🤔.
Nota
Shakeouts either side but this is effectively a descending channel still.Also hidden divergence coming in from this recent low.
Today's pop is also postive.
The chances of a pop are gradually increasing I think.
Could be explosive.
Nota
Pop pop ?Nota
Nice pop.Nota
Holding well on 2020 support which was also a retracement back to the 0.618 - 0.786 retracement.We are buying through this area.
TLRY may be about to have a rip-you-face-off rally while the bears sleep.
Might drift a bit first of course, but looking very shallow here...
Nota
Nice pump to open, we're getting close.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.