Weed has formed an almost complete head and shoulder pattern. It formed perfectly within the strong downward channel
(green dotted lines). I expect we are going to see price falling at least towards 23.5 but most likely towards 21.4. If that last called scenario is confirmed a descending wedge
is forming with the purple line and green dotted top line of the downward channel
this could lead into an upwards breakout and a turn around into some bullish
I'm learning. Please let me know what you think of this analysis.