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.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。