ACB (Aurora Cannabis Inc) nearing the end of it's Correction
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After the pot stuck bubble popped we've been stuck in some long complex correction most likely a WXY. If this counts correct we're nearing the end of this correction. It seems everytime ACB makes a major move it first forms bullish divergence on the 6 hour (2 or 3 touches )
I will be waiting for this divergence to form or if we break outta the downward trend line with volume and close above.
I will be waiting for this divergence to form or if we break outta the downward trend line with volume and close above.
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We're seeing the 6H form bullish divergence.ملاحظة
Watching for 3 points of bullish divergence to form at the start of next week if we want this bullish scenario to playout. Expecting to at least see $4.50
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If the support doesn't hold at $4.50 or the meme support doesn't hold at $4.20 our last two areas of support would be the end of the gold box $4.05 then last resort is $3.50. I'm seeing many bearish charts on Tradingview and Twitter pointing towards 3 dollar range. This makes me think we won't get to see $3.50 if everyone is waiting for it.ملاحظة
4:20 pleaseZoomed out -
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Still hoping for more down. Maybe the rsi will come bounce off this trendline once more creating a ascending trinagle on the RSI
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Still waiting- Still watching for the levels mentioned prior. Watching the 6H RSI.
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tradingview.com/x/gXRBT3d19Nice bounce on the 6H RSI trendline. 55 ema coming down. Breaking above could give us chance to run a little.
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No break above 55 EMA out . Possible more acccumilation period as we wait.
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Rejectedat 55EMA as expected. Going back to test the 6 H RSI trendline. Thing is acting like a trampoline! We also got a 12WMA about to cross 21MA on the daily. ACB the king if slow
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This chop is brutal. Can we decide if it's moon time already. Rsi another bounce and another rejection at 55 ema. Weeeeeeee
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Capitulation? Looking to buy the blood. Once our 6H trendline broke we dove. Waiting for daily to close and earnings to come through
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I'm sitting on my hands. Waiting for confirmation of some sort of trend reversal even if its on a LTFملاحظة
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Will try to find a new count for ACB.this idea is invalidated obvioulsy. No trade to take yet
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