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$MJ Still a clear downtrend, but the sellers look exhausted. Bulls have managed to break one downtrend, will she need some more time before attempting the next?
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$MJ 
Time is running out, a move is coming!
Don't fight the direction.
If already positioned long, and its lower, TAKE THE LOSS.
If waiting for the market to tell you the direction, then wait for 2 daily closes outside the range & bet direction that is decided.
#trading
Time is running out, a move is coming!Don't fight the direction.
If already positioned long, and its lower, TAKE THE LOSS.
If waiting for the market to tell you the direction, then wait for 2 daily closes outside the range & bet direction that is decided.
#trading
$MJ Bulls are running out of time... Reverse today or tomorrow (on volume) or price will accelerate to the downside as bulls capitulate.
$12.61 is the gateway to $10.60, a good 10% drop.
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$12.61 is the gateway to $10.60, a good 10% drop.
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$MJ Sitting @ Demand. She could technically break down for 1 down and reverse, but ideally the bulls want her to hold this line.
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#trading
$MJ Breaking down, but on low volume. Lower wick on the daily chart. Weekly shows an ABC off the lows. Supply is diminishing and if she can't get moving will start to break down. Double bottom/gap fill below or is this is a bear trap?
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#trading #tradingpsychology
$MJ False breakdown reversal, close near High on day. Recapture of some daily MAs. Continuation tomorrow likely. Bulls now have the ball, how high will they take it?
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$MJ Recapture of SMA50, but still inside consolidation. Will have to pick a direction soon.
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#trading
$MJ Reversal of yesterdays reversal. Price broke and closed below yesterdays lows. $12.80 is the line in the sand for bulls. A large move is coming & @KamalaHarris as Biden's VP would be a fundamental reason for this sector to move. Watch week/month close for clues
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$MJ Bulls must hold yesterdays lows into next week. A MOVE COMING in next 3 sessions, don't be caught on the wrong side.
Currently bear volume is increasing and bears are in charge. Can't capture SMA50.
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Currently bear volume is increasing and bears are in charge. Can't capture SMA50.
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$MJ Breaking down, for a 2nd time. Still on DECLINING volume. They continue to whipsaw everyone out of the trade.
This is getting exhausting.
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This is getting exhausting.
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$MJ Weekly gravestone doji. Bulls still in daily higher low pattern, but breaking below trend line. Bulls need to hold above $12.80 & break $13.90 early in the week otherwise risking $10.50-$9. Monthly STILL below EMA5 = avoid.
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