Aurora Cannabis: Wyckoff Accumulation Pattern
Aurora Cannabis(ACB) has formed a Wyckoff Accumulation Pattern and is currently in the ‘build up’ cycle of Phase D aftering having successfully created a ‘spring’, a ‘test’ of the spring and a ‘last point of support’. Price is currently testing the top ‘support line’ which is currently acting as resistance and stems from the ‘automatic rally’ seen back in March of 2020.
The expected move going forward for price to continue pushing higher in the ‘build up’ and eventually push on up toward the lower resistance line near 20/share. The blue line shows the projected path for price.
The expected move going forward for price to continue pushing higher in the ‘build up’ and eventually push on up toward the lower resistance line near 20/share. The blue line shows the projected path for price.
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