Canopy Growth Going Down

all the hype surrounding weed stocks has inherently died down. Large sell volumes indicate a pump and dump, with a continuation of the downward trend in sight. Forming a bearish wedge, supplemented by a short term bearish divergence in terms of volume and price. Looking for a drop down to the bottom of the lower fib retracement level. Another trend to look at is the Elliots wave pattern, looks to have hit the first peak up after the large third peak, with a drop in price set to occur within the next week.