CRON - Time to sell? Retracement due soon?
Cron looks to have completed its 5th of 5 of wave 3.1 up. Now in the sell zone. It now looks due for a pullback. It actually hit the high side of the black channel, as well as rsi on the hourly chart is no lagging the upward price moves.
I bought puts yesterday, but it looks a bit early. :(
I am looking for a nice retracement with either the Gartley or the Bat pattern shown in green and yellow.
After we get a few more pivot points like A,B,and C, then we can have a better projection for how deep will the upcoming retracement be. I do expect to get to the green buy zone.
I have puts (my money) on the downside and I am obviously biased.
I bought puts yesterday, but it looks a bit early. :(
I am looking for a nice retracement with either the Gartley or the Bat pattern shown in green and yellow.
After we get a few more pivot points like A,B,and C, then we can have a better projection for how deep will the upcoming retracement be. I do expect to get to the green buy zone.
I have puts (my money) on the downside and I am obviously biased.