Tilray 
TLRY has completed a 5-wave bearish structure and is currently trading below the volume POC.
If we consider the possibility of a correction to the downside move, we can entertain the hypothesis — not yet confirmed — that we are within a Wyckoff-style accumulation range, with climactic volume signaling a stopping point. This leads us to consider a long trade from current levels, targeting the $26 USD zone in the short term (confluence between waves 1 and 4 of the bearish move).
Some form of bearish manipulation bringing prices lower should be expected. Holding the position and avoiding an overly tight stop will be key.
TLRY has completed a 5-wave bearish structure and is currently trading below the volume POC.If we consider the possibility of a correction to the downside move, we can entertain the hypothesis — not yet confirmed — that we are within a Wyckoff-style accumulation range, with climactic volume signaling a stopping point. This leads us to consider a long trade from current levels, targeting the $26 USD zone in the short term (confluence between waves 1 and 4 of the bearish move).
Some form of bearish manipulation bringing prices lower should be expected. Holding the position and avoiding an overly tight stop will be key.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.