ARKM SETUP AND INVALIDATIONS
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.