Beschreibung ⋅ 10. Febr. 2018 16:55 Observations Lots of MJ stocks following the same correction path. Extended correction through an ABCDE wave pattern. Charts still bearish as 55 EMA is above the other EMAs on 3h timeframe. Price trend also well below 55 EMA. RSI is also downtrending making lower highs. Continued pressure across the stock market (i.e. Dow Jones Index is still looking to correct further) Keep a close eye if it breaks down further. Possible buy zone at the previous low of $0.99 and 0.786 fib level (i.e. $0.86) A significant break above $1.35 and 55 EMA support would be good indication of an uptrend to a possible impulse wave. Disclaimer
Great analysis though!!!