Some additional notes:
Today we have covered the basics of the triangles and wedge-like patterns that you are most likely to encounter when you come across the charts of your preferred cannabis investment (of course this applies to other stocks too). There are other patterns that resemble triangles or wedge out there as well, but we will get into those details at a future date. Something that is important to keep in mind when you stumble across these patterns is the possibility that they may be continuation patterns. That is where the stock stops its upwards or downwards pressure to consolidate or cool off before resuming the trend. One thing you will technically note go hand and hand when the chart is wedge is the tightening of the Bollinger bands which have previously discussed. And like many charting techniques, these wedges and triangles can be applied to different time frames regardless if you prefer looking at weekly candles or 1-minute ones.
Technical
Analysis
of the United States
Cannabis Market
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