Grass has built a strong foundation during the past months. Price is very corrective and contracting every since. Locally it looked like a rejection off the upper pmPOC (previous month point of control) which is bearish. Well yes, it rejected but just short term. Market structure remains bullish. The price is building value above the pmProfile (previous month profile). Locally it is just leaving liquidity behind.
In my opinion GRASS is really setting up for a meaningful really and 2.15 ish will be one of the very last buying opportuinites.
4.67 is my main target and once it breaks the upper key level, it will just keep going.
The current FTR draw target (failure to rotate - because it can not bearishly rotate the pmProfile below) is slightly below the key level.
The stars align pretty well.
Honestly, this is one of the best charts I have seen lately.
In my opinion GRASS is really setting up for a meaningful really and 2.15 ish will be one of the very last buying opportuinites.
4.67 is my main target and once it breaks the upper key level, it will just keep going.
The current FTR draw target (failure to rotate - because it can not bearishly rotate the pmProfile below) is slightly below the key level.
The stars align pretty well.
Honestly, this is one of the best charts I have seen lately.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.