$MSOS reversal pattern
Local bottom for Cannabis Index (
MSOS)
Reasons for longs:
- Head and Shoulders pattern, obvious
- Rejection off of 0.5 Fib Level
- Chuvashov's fork in play
- Volume picking up
- Daily gap closed within a day
- Hedge against possible forming S&P correction
Invalidation: close below Year Open
MSOS)Reasons for longs:
- Head and Shoulders pattern, obvious
- Rejection off of 0.5 Fib Level
- Chuvashov's fork in play
- Volume picking up
- Daily gap closed within a day
- Hedge against possible forming S&P correction
Invalidation: close below Year Open
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