After close to a 50% Fall from the June's high, We can clearly see a decent retracement brewing on ARKM.
This births certain question, such as
1. What's the overall trend?
2. What's the current market sentiment saying?
3. Are there corresponding patterns to the market sentiment and a host of other questions.
That brings me to my Analysis.
As we witnessed accumulation all through the month of May, Finally a breakdown in June and a retracement to the accumulation zone now heating up.
The overall sentiment of this chart for me remains bearish, as the market approaches a S/R flip zone. I'd therefore be taking a short trade at the set trigger on the chart.
Invalidation is also marked out.
#Tradesafely #Applyrisk
This births certain question, such as
1. What's the overall trend?
2. What's the current market sentiment saying?
3. Are there corresponding patterns to the market sentiment and a host of other questions.
That brings me to my Analysis.
As we witnessed accumulation all through the month of May, Finally a breakdown in June and a retracement to the accumulation zone now heating up.
The overall sentiment of this chart for me remains bearish, as the market approaches a S/R flip zone. I'd therefore be taking a short trade at the set trigger on the chart.
Invalidation is also marked out.
#Tradesafely #Applyrisk
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。