TLRY sign of reversal

8 set 2023

Simply put, a motive wave is a price movement in the direction of the main trend. In other words, each motive wave is a step forward during a rally. Motive waves always subdivide into five smaller waves according to certain rules.

After 5 waves we expect a corrective move . Most of the time that move is a pullback.

Then we can expect another serie of 5 moves. How strong they are? Depends on the buyers down low.

8 set 2023

Nota

We want 5 more waves down for the wave C.
Idealy we dont overpass 0.65 retracement fib.
We want to sustain the bullish pitchfork and not to fall out of it.

12 set 2023

Nota

Abnormal retrace for a zig zag. The current retracement of a suggested wave B in this correction went way too high which could indicate the market strenght.

For the moment i see 4 waves developed and potentially 5th on the way.

Bullish algo active still. 0.65 is the last stand for bull algos.

13 set 2023

Nota

This could have been the bottom. I see 5 waves in.

25 set 2023

Nota

2 Perspectives

27 set 2023

Nota

Yellow (1) (2) still alive...

27 set 2023

Nota

This could be the bottom.

6 ott 2023

Nota

Last stand for me

7 ott 2023

Nota

Fixed count. Tired , didnt notice the flat in the wave C which is invalid.

If sideways combo, then it would be fine
W- ZZ
X- ZZ
Y- Flat

7 ott 2023

Nota

Adding bearish perspective . Since the green area is my last stand of support for bullish case

12 ott 2023

Nota

Green box reached. I want to see it from here.

Tho i could see one more leg down. Anyway, i would start being unintrested in longs if we go way too low.