Member Request: A Look at $IIPR

It’s not entirely clear to me how to count this initial move off its high, as I need a couple of additional waves in order to make a stronger case for any one in particular.

I will note a few things. I note that it is right at a level of prior support (green arrow), but buyers have yet to step in strongly as they had the last time we were at this level.

If this level fails, then I would suspect we have passed out of a nest of ones and twos, and that we are in the threes, fours and fives. So, if it fails here, I would expect a series of lower lows before a relief rally that may retest this level we’re at from beneath.

IIPR


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.


Leave a Reply

Your email address will not be published. Required fields are marked *