TGOD Bear Market Update

I use X as an unknown because we really don’t have any real  clue what the peak was. Best guess is a wave three peak, but that can be confirmed until  I see a good correction has taken place. TGOD is a medical marijuana related company. I have a short position on TGOD ans as long as it’s in the green I don’t plan on closing off my short. $6 may look like a good base but my trend lines may tell me a different story. I might buy into this if I see it has any bottom is forming. TGOD would have to go nuts to break out sideways, but if the down trend continues, then prices should stay inside the two parallel lines.

I would never buy into this stock at this chart pattern, so shorting this stock is like testing to see if this stock is in a bear market or a bull market correction.

Remember this type of a bullish move as we could run into that with gold, in 2019. From personal experience and you are a trader then you never want to miss a 5 wave run.

Missing a 5 wave bull run (ride) in Minor degree is something you don’t want to miss. I will talk more about this in the gold section and GDX.

 

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