This will show as a second wick down to test suport at 47c on the daily, was expecting this. A finish above 47c will count as a 'double bottom' and be a strong bullish and downward trend reversal indicator. Sell side is weak (propped up & retreating) it's a tactic to get you to think SP will run down so you join the sell whilst they back off.
All in my opinion. Would be good to get confirmation from somebody doing TA a little longer.
Arbitrage Opportunity MMJ / HVST - Research analysts perspective, page-23
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