Long

Updated

TLRY-Primary Wave 3-Part 1

has completed Primary Wave 2 and is now beginning Primary Wave 3.

Analysis Method: Fibonacci + Wave Theory

Primary Wave 1 & 2:

Primary Wave 1:

Primary Wave 1 (Rounded):

Sub-Waves:

Wave 1 - 350%
Wave 2 - (25%)
Wave 3 - 75%
Wave 4 - (23%)
Wave 5 - 208%

Primary Wave 2:

Primary Correction (Rounded):

Wave A - (67%)
Wave B - 82%
Wave C - (52%)

Currently, we are forming a Micro-Wave and have completed Sub-Waves 1, 2, 3, and 4.

Micro-Wave 3 had an Extended 5th

Expect the 5th Micro-Wave to extend (Red).

Will update.

-AB

Note

You may ask what about the rule that states, "Wave 3 CANNOT be the shortest Wave".

Note

Note the Current Price Line...

It is resting on Wave 1!

Note

Leading Diagonal

Note

Breakout Imminent!

Note

Near-Term Target: $119

Note

1st Target Hit

Note

Target: $360-$530

Note

Primary Wave

Note

85.50 area is STOP

Note

Next Target is $178.

Note

TLRY had a complex correction...

Most likely will be range bound until market bottoms...

Note

TLRY still looks ok...

Note

STOP HIT

Note

TLRY move to HOLD.

Trade closed: stop reached

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