With the liquidation hunt we can see ARB is still respecting its trend. Wicked slightly below our lower white trendline, but has continued to hold most of the candle bodies above that level. If this level continues to hold with daily candles we will see a retest of the yellow trendline.
Once the yellow trendline is broken and flipped back into new support that is when we can expect a momentum move for ARB.
Once the yellow trendline is broken and flipped back into new support that is when we can expect a momentum move for ARB.
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