ARCH bullish set up both short- and longer-term

2021年4月7日

After 62% Fib-retracement and break of short-term downtrend, expect at least a test of the long-term downtrend since May 2019 at 55ish. That's the short term.

Longer-term, I would expect to see 55 to be taken out, opening the way to the highs (and, if you really want to offer a stretched view, potential towards the 160 (!) level) above 100.

Yeah, right, we do not want to see the uptrend in the RSI to be taken out - that would be my stop level.

2021年5月18日

註釋

wow! Now 55 should fall and we will soon see triple-digit levels!

2021年7月12日

註釋

Uptrend in RSI still valid, would stay long!