WOW, look how perfect that is TLRY cup & handle reversal
TLRY up because it is a cup & handle pattern and it just looks so perfect. It matches the .618 retrace and it is amazing how it looks to fit so perfectly. We closed literally at the fib. Wow! This matches the fib level of the cup & handle, handle I linked. You can see how we are in a channel and that we are going to target 1 around 11.23, which would be around the 300 sma on the chart. You can also see how the dotted line perfectly lies within all of this (target 1) and then target 2 as I learned is the length of the depth of the cup and still within the channel. I drew three grey lines that are just relative resistances from the overall bearish trend. It is amazing how the second target matches the yellow follow through that is a copy of the prior days move. Great news just came about providing 40b in liquidity to cannibis sector in Canada! Also, it is so amazing how it looks how it is going to breakout and have a nice retrace to test the prior huge bearish channel.
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