ACB (Aurora Cannabis Inc) nearing the end of it's Correction
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.
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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.
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4:20 please
Zoomed out -
Zoomed 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.
Watching the 6H RSI.
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www.tradingview.com/x/gXRBT3d19
Nice bounce on the 6H RSI trendline. 55 ema coming down. Breaking above could give us chance to run a little.
Nice 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
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 LTF
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Will try to find a new count for ACB.this idea is invalidated obvioulsy. No trade to take yet