Weed - Extremely high chance of reversal.

At channel top, profit taking time by all indicators.

Commento:

And now for the hard part, it will likely retest the high 2 or 3 times, it may shake me out of a short or 2. but I need to be calm, and stand firm, and do not change my rules at any time. be very very very disciplined. << Key point.
Time will tell if we are truly at a reversal zone, or if this stock is doing something completely out of character. (last time it was this high on the RVI scale was Nov 2016.)

Commento:

Currently I am out.
I am watching for a pullback and test, then I will re-enter for the final quarter run.

Trade chiuso manualmente:

Closed , waiting for clear direction for re-enter with the trend continuation, or pullback.
A. The Trend is at a end, <probably not.
B. The trend is about to pullback. <most likely
C. The trend is taking a rest, and about to blast off. <maybe

Retail customers can be a fickle bunch. One hint of a change in the wind, and they panic.
Typically in a volatile-bull markets, it has to make some serious deep corrections, to keep the steep bullish trend rolling. Which fuels the volatility. and around and around we go. Great for swing traders.

Commento:

We got a small pullback and return to bullish trend. The market is very over-heated, will it make it to 80 by the end of October remains to be seen.