Weed is at the trend/value channel bottom.
I will be watching for a strong rejection and trend pivot this week.
And then a signal to start building my position again.
My thoughts:
This week may be the beginning of the climb to Nov Sell off. (November is typically profit-taking month).
Many investors and traders may agree that weed is on now sale, and buy buy buy.
These past few weeks surprised me how hard the sell-off was.
I was expecting something, but then it became a panic sell-off. Silly Market.
I will be watching for a strong rejection and trend pivot this week.
And then a signal to start building my position again.
My thoughts:
This week may be the beginning of the climb to Nov Sell off. (November is typically profit-taking month).
Many investors and traders may agree that weed is on now sale, and buy buy buy.
These past few weeks surprised me how hard the sell-off was.
I was expecting something, but then it became a panic sell-off. Silly Market.
交易开始
Entry at 32.51 on gap up. This is my Strong rejection signal I was looking for.
交易结束：到达止损
Stop reached with a retest of lower zone. I was aggressive on entry, with the strong momentum I saw on the morning tape. I saw a very strong bearish reaction in the afternoon closing session.
And SL hit at breakeven.
Watch for new entry signal.
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