So CRON went up on election results to 8.80 on rumors that a Biden administration will move cannabis off the schedule 1 list. For us, just a wave 3 extension. Called for a retracement into our box area of 6.45-7.00, and hit it squarely! Now we are following a move over it's wave 3 end (8.80), targeting 9.11. Under 6.09 invalidates the pattern we are following, so keep an eye on price, and as always mellow out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.