First US cannabis ETF is gapping down, both longs and shorts are fair and reasonable.
Longs:
- Bottom of channel will be retested soon and may bounce.
- Gap shall be closed and may bounce.
- Once year open retested it may bounce.
- I'm not watching news so I have no clue what they say on CNBC.
Shorts:
- Formation of H&S pattern, therefore measured move possible.
- If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest.
- Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way.
Not financial advise.
Longs:
- Bottom of channel will be retested soon and may bounce.
- Gap shall be closed and may bounce.
- Once year open retested it may bounce.
- I'm not watching news so I have no clue what they say on CNBC.
Shorts:
- Formation of H&S pattern, therefore measured move possible.
- If year open does not hold, we will be gapping down all the way to the beginning of the bullish cycle for retest.
- Usually new asset formation includes some form of the squeeze. They want all your money therefore they will trigger every stop on the way.
Not financial advise.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.