ARM Technical Outlook – Descending Trendline Pressure

🖥️ ARM Technical Outlook – Descending Trendline Pressure
Ticker: ARM (Arm Holdings)
Timeframe: 30-minute candles

🔍 Current Setup

ARM is trading under a descending trendline that has capped rallies since late July. After a sharp drop from ~168, price has been consolidating between 128–144, with sellers consistently stepping in at lower highs.
Descending resistance: ~142 (falling trendline).
Support zone: ~128 (recent base).
Current price: ~138, caught in the middle of the range.

This structure signals ongoing downtrend pressure unless buyers can break above the descending resistance.
📊 Breakout Levels
🚀 Upside (Bullish Scenario)

Trigger: Break and close above 142 (descending trendline).
Intermediate Targets:
148–150 → First supply zone.
158–160 → Major resistance cluster.
Measured Move Target: ~168 (full reversal back to July breakdown).

🔻 Downside (Bearish Scenario)
Trigger: Rejection at resistance and close below 132, confirmation under 128.
Intermediate Supports:

130–128 → Key base support.
122–120 → Next demand area.

Measured Move Target: ~115 (projected from consolidation range).
📈 Volume Analysis
Volume spiked heavily on the July breakdown, confirming bearish momentum.
Current rallies are happening on lower volume, signaling weak buyer conviction.
A breakout above 142 with volume expansion would be required to shift momentum bullish.

⚖️ Probability Bias
Trend remains bearish under the descending trendline.
Bulls must reclaim 142 to flip momentum.
Otherwise, ARM risks another leg lower toward 128 → 120.

✅ Takeaway
ARM is under heavy trendline resistance and stuck in a range:
Bullish Break > 142: Targets 148 → 160 → 168
Bearish Failure < 132 / 128: Targets 122 → 115

Until a breakout occurs, expect continued sideways-to-down bias within the range.