ARB - Bullish Hopieum
Hello everyone. Today we wanted to outline the most bullish case scenario we currently see in the charts for ARB. Please note I do not think this is the most likely outcome, but a fun fractal pattern I wanted to point out for the bulls.
If we look at our last breakout we notice 3 distinct sell areas on our trendline of resistance then the breakout. With our mini breakout we have seen 3 distinct sell areas on our trendline of resistance then broke out to a new high. In both patterns we saw a retest of our trendline. Right now we are currently in the phase of trying to hold this trendline of old resistance as new support. If this plays out and we see a similar move to the last breakout we could see a move as high as the $2.50 level! Enjoy bulls :)
If we look at our last breakout we notice 3 distinct sell areas on our trendline of resistance then the breakout. With our mini breakout we have seen 3 distinct sell areas on our trendline of resistance then broke out to a new high. In both patterns we saw a retest of our trendline. Right now we are currently in the phase of trying to hold this trendline of old resistance as new support. If this plays out and we see a similar move to the last breakout we could see a move as high as the $2.50 level! Enjoy bulls :)
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