PONY Can Go Either Way - Wait for the BreakDumped hard from the top of the rising wedge I outlined in my last analysis. Has found some support at one of the previous key demand areas, which coincides with the 78.6% retrace. Looks to have formed a flag now, which can break either way. RSI is near oversold on the daily, but the 4h Stoch is forming a bearish cross. If I had to bet, I'd guess it's going to break down toward the lower support line, but its safer to wait and see how it plays out.
Fibretracement
HEXO Cannabis Investing - The dip b4 big money...still dippingSo Cannabis investors, HEXO is at the a dip and 786 fib retracement. Is this the dip before a November federal bill allowing legalization state by state, or will it go near full retracement?
High 9.29, current 5.70, full retracement 3.98.
Canopy Growth is 618 fib retracement. The better the stock the lower the dip. I'm using weekly charts and than switching to 1 day and 4 hour charts for potential limit entries.
Other favorites are Tilray (TLRY), GW Pharmaceuticals (GWPH) and CBD suppliers CVSI and CBDS.
We're getting hammered from credit debt and waiting for the final hammer to drop.
TSX:HEXO OTC:HYYDF
CGC CRON NASDAQ:TLRY NASDAQ:GWPH OTC:CVSI OTC:CBDS
Pick & shovel options:
OTC:BLOZF THC Test devices...riskiest play in my view.
OTC:KSHB Packaging, labels, and extraction products
NYSE:SMG Hydroponics, equipment, fertilizers
NYSE:IIPR REIT asset leasing, property
OTC:MNTR Financing, asset leasing, property
GBPCHF ELLIOT WAVE AND LONG RETRACEMENT TOWARD DAILY 61% LEVELGBPCHF is coming off of an Elliot Wave and consolidating with slow upward trend toward the 61% level just passing the 50% level. Long term 23% levels will be attained on the monthly chart within the next year or two. Buy market execution on the GBPCHF.
GE retracing to below $12With current market GE stock is volatile at best, resistance likely at 11.88 and could retrace to 11.22 area if volatility increases. New CEO has yet to make any significant announcement, although just the announcement caused a nice bounce, which vaporized last week and into this week. Any LONG buyers, wait, wait, and follow the volume. Setting alerts (targets) using warnings. Aka 12.0, 11.90, and 11.50, which would then indicate going full Fibretracement or possibly larger selloff and below recent resistance in 11.25 and 11.20 range.
Viewers: Come to own conclusions, Rule #1 and Rule #2. Market is very dynamic , so riding a big wave too far onto sandy beach if not too careful.
Tetra Tech Corp. on 3rd falling wedge, await 7 life cat bouncewatching for entry, pulse, dead cat falling wedge for 3rd cycle (2014, 2016, 2018)...TBD
About: Terra Tech Corp. operates as a vertically integrated cannabis-focused agriculture company. The company operates in two segments, Herbs and Produce Products; and Cannabis Dispensary, Cultivation and Production. The Herbs and Produce Products segment offers hydroponic herbs, produce, and floral products. The Cannabis Dispensary, Cultivation and Production segment operates medical marijuana retail and adult use dispensaries under the name Blum, which provides a selection of medical and adult use cannabis products, such as flowers, concentrates, and edibles; and produces and sells a line of medical and adult use cannabis flowers, as well as a line of medical and adult use cannabis-extracted products comprising concentrates, cartridges, vape pens, and wax products in California and Nevada. Terra Tech Corp. was founded in 2010 and is headquartered in Irvine, California.
$122M Cap, down 52% YTD, $38.5M rev. 7-1YOY, rev gr. 38%, 127K shares bought by insiders last 2 yr. (strong), Inst. MF hold 0%, while wealth manag. <1%, so mostly private investors, so high upside if legallized, earnings range -0.30 (3/8) to 0 (1/8), so still not profitable pop needed (11/7/18 next announcement). 8.7.18 was -0.17.
The rapidly rising demand for Cannabidiol (CBD) and Hemp based products is showing no signs of slowing down as expectations to push both markets into new territories with exploding sales value in the next coming years. The global industrial hemp market size is expected to reach USD $10.6 billion by 2025, according to a new report by Grand View Research, Inc. and the market is anticipated to expand at a CAGR of 14.0%. The North American CBD market is primed for expansive growth across its three primary sectors, hemp-derived CBD, marijuana-derived CBD and pharmaceutical CBD. With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization looking for the road to profitability. Increasing R&D activities to develop perfect agronomy and new genetics of crops to obtain high yield and improved product quality are expected to have a positive impact on CBD - Hemp production. Active Companies from around the market with current developments this week include: Marijuana Company of America (MCOA), Inc., GrowLife (PHOT), Inc. MPX Bioceutical Corporation (CSE:MPX) (OTC:MPXEF), Kush Bottles, Inc.(KSHB), Terra Tech Corp (TRTC)
CANNTRUST HOLDINGS - TEIR 1 STOCKCNTTF CRON CGC TLRY APHQF
* CannTrust Holdings breaking out on harvest time sales about to commence....profitability as a Top Tier Cannabis stock, usually the least favored of this group I might add.
* Buy low, sell high, don't loose your money.
* chance to get more or first half share at $9 382 retracement after buying market order, can always buy more on the dip.
* Oct. 17th coming folks
* longbuylongsell by @MarxBabu Note: CCI shows excellent agreement to blue entry timing here with day chart, so MACD left out.
Disclaimer: Sorry volume with left handed index of volume # makes chart so busy and would love to have a reducting to 1/2 or better 1/3 the size.
About: CannTrust Holdings Inc is a Canada-based company, which produces pharmaceutical-grade medical cannabis for patients. The Company is a federally regulated licensed producer of medical cannabis products. The Company operates a hydroponic facility and an onsite laboratory for testing and research on the medical use of cannabis. The Company's exclusive pharmaceutical partner is Apotex. CannTrust Holdings Inc's products are divided into the following: Products Type, such as oil, dried cannabis, accessories and patient ready; Strain Type, such as hybrid, sativa dominant and indica dominant, as well as Strength, such as strong, mild and moderate. The Company's products are sold online through its Website.
NCI Constructively forming handle base at 15.75 after 6-7w cupNCS
NCI is a near $2B business, which just merged with Ply Gem Corp. also $2B business forming larger construction and engineered products business
* Forming handle in likely break from Fibretrace 0.786 at $15.75 to $17.00 indicating break-out
* Drop to 14.10 not likely as relative strength and sales growth in construction and housing products after Hurricane Florence
* Fibretracement to 0.612 and 0.5 is 8 and 13% gain, however construction stocks grow on calender until Jan-Feb.
* Cup & handle formed once return to retrace 0.612 of $17.00 handle will be formed and NCS will jump to 18.75, 19.80 (+25%), 21.55 or 23 range nearing 52w high (23.35) based on typical resistance zones.
* Hurricane Florence will inpact Q3-4 sales. August earnings were 0.07 suprise at 0.54 from 0.47 expectations.
* No dividend and slight selling with insiders. Looking for 20% target here with handle form, and 25% entry now.
HD LOW
TWTR fibretracement entryTWTR
Fibretracement for 27.50 or 22.50 entry.
Watch for longbuylongsell and 1w chart here, change to 1d/4h for best entry with CCI and MACD (volume)
Resistance and volume drop expectedALOT is showing a resistance in supply/demand in buyers with more selling on 4h chart.
Fibretracement 0.786 would drop to $20.75-20.80 or more likely $19.20-19.35 resistance zone areas as better
buy.
Watch the black change to blue on 4h or 1d chart for entrance, which is currently black. @MarxBabu for longbuylongsell chart adding MACD, volume, volume average and running average and here RSI Stoichastics. Optionally replace RSI Stoich with CCI for entry timing once blue, or RSI, or fast RSI.
View 1w, 1d and 4h for blue entry signal.
CCJ - NYSE CCO - TSX Powering the grid Cameco Corp. Mining Uranium stock likely recovers in breakout of FIB retracements 0.5 (recent down) and 0.382 (recent up) and near 9.81 or drop below 9.50 to 8.95-9.25 resistance.
Point of interest:
* Uranium prices beaten down since 2011 Fukashima Reactor melt-down and back-up generator cooling failures from psunami hitting Japan.
* Japan shuts down all of the 32 Nuclear Reactors to assure public safety and clean-up causing global Uranium (Ur) prices to tumble to where it now is.
* Nuclear energy is still a paid for and quite reliable energy source with proper safety measures, which Japan now has and plans to restart.
* No. Amer. power also relies on nuclear power, which Pres. Trump will not import from other countries supporting demand.
* This is one of several plays, which is safe haven mid to large-cap mining stock and away from volatility (VIX) moneyballers like, as VIX up near 5% each of last 2 days.
Viewers come to own conclusions. Like, share, comment.
Short Position Confirmation Signal on 1H XBTUSD, BitMEXThe Market is testing for third time a major resistance level and gives us a sell signal for my previous idea on the same pair, daily chart. We have Major Structure Level on a HTF and TTF as well, RSI Divergence, Triple Top and we are on Overall bearish trend based on 1D,4h HTF. I think I'll jump in , wish me luck ! :D
BTC/USD LONGI see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position
We have to wait for reversal candle in the buy zone
TP as mentioned in the graph
VET Bull FlagVET has just come off the rebranding of VEN on it's own blockchain. Binance announce news of a 100 million VTHO airdrop for VET holders on August first. As a result, a bull flag has formed. The pole is roughly 70 sats in length so on a break out, 400-410 sats is possible. I would set my buys at the 50% retracement of the run and a stop loss a little past the 61.8% retracement if the pattern fails.
BCH/USDBCH is currently forming a rising wedge
Our short will be triggered once the support trend breaks and the rising wedge is in play
Buy EURJPYJust waiting that the price test the level 61.8% of the Fib Retracement, in order to go long limit and achieve level 78.6%.
Setup Leg Fading Short Setup USOIL extended its setup leg 128% and is now seemingly ready for a reaction leg towards the 38.2% retracement point of the setup leg. Today is an event day, volatility is expected to pick up, however selling 128% extension with stops above the high of the setup leg and looking for a 38.2% reaction seems reasonable.
Where are we in the correction? BTC 28 JUN UPDATETL;DR
I am expecting a slight pump (motive) wave inside the correction that we are in right now.
(see 'c' to 'd' purple line).
This MAJOR correction started when BTC fell from 10k and it *COULD* end at $4.7-5k over the next coming weeks. But we shall talk about this point when we reach it.
Right now, we are in a 3rd subwave of correction which should be followed by a 4th motive wave of rising prices.
But first, I'd like it to hit $5.5-5.8k so it would finish the current "mini" wave of correction.
At $5.6k it would also hit the 0.236 Fibonacci Retracement which means it should've expanded it's downwards energy.
At the moment RSI & MACD don't tell me too much - they look neutral at the moment, even on short candles like 2h. I'd rather wait and see what happens next.
StochRSI says "oversold" - but this is just one indicator out of many, and the rest are not so positive.
BTC price struggles to breach MA(100) on 2h candles in the last few days - i will not that put that on the chart because it will look even more heavy.
I'll be waiting at that $5500-5800 level for an entry
OR
Having a buy-stop at 6200 ish and expecting to sell it fast or with a trailing stop loss.
Also, I'm watching that resistance at 50 RSI for any signs of breaking towards bull territory.
If you like this chart & analysis, please make sure to upvote - It really helps.
ETH Correction Wave C and Fib LevelsHere we have a possible Elliott Wave count on the 4h chart where ETH is currently in the C wave of an ongoing ABC correction. ETH going above the swing high from wave 5 (830 level) or the even 725 level might confirm the end of the correction and the start of a new impulse wave.
Fib extension levels of wave A are shown by the dark orange levels. Fib retracement levels of the green impulse wave are shown on the right.
Both the fib arcs and fib spiral are taken from the low to the high of the impulse wave. The scale has been locked at a ratio of 2.
Please note that the positions of the uncompleted waves are arbitrary and should not be taken as price targets.
Gold Pullback Trend Continuation ShortGold is moving towards 1295, the 0.618 retracement of recent gap and .236 fib extension resistance of previous bear leg. The established trend remains bearish and lower lows and lower highs are evident on 240 graph. Higher TFs show that there is a potential for support as continuation of bigger bullish move on weekly might attract demand so staying alert for a serious bull move is recommended. For now, limit sell orders around 1295 with $7.5 stops (ATR*1.8) and 2R-3R target stop buy around 1275 seems to be the reasonable course.
MTL Metal Long Idea - Ready to take off OR...delayed a bitBuyers beware !!!!
5000-5400 satoshi range seems like a decent enough entry. As close to 5000 as you can get - the better.
But those volume spikes keep me guarded against this one. It seems very risky. I would recommend watching this trade throughout its journey or with a good stop/loss in place.
Read on for more details:
MTL -1.79% looks like it is ready to show some muscles.
The zigzag lines are drawn based on fib retracement levels & fib circle "encapsulation".
* GREEN - very positive outcome
** YELLOW & ORANGE - uncertain, but more likely outcomes.
**** RED - very "negative" outcome. -> as in we might be delaying this takeoff for a while longer.
*****
BLUE - Possible *LONG* EW Count.
*****
RSI looks like it is steadily heading into bull territory.
if StochRSI bounces off 25 levels again, it is a very good sign.
Volume has been steadily increasing in the last days/weeks....BUT
BUT!
Look at those random spikes in volume!
If someone is not trying to keep the price afloat, then I'll eat my hat.
If you like this analysis, a "like" is always appreciated & helpful.
For more charts, feel free to follow me on tradingview.
Kudos to tradingview user @Knguyen5 for spotting this one early !
USD/CHF projected price pathThis just seems how all the fibs are measuring out wave wise. Watch that 99000 level.
GBPJPY LONG POSITION AFTER 23% LEVEL TESTGBPJPY Long structure setup coming off of a Elliot Wave. A brief dive to 141.100 level before a retracement to 38% then 50% level on the 1 week chart. Nothing out of the ordinary. Buy on GBPJPY.
