Long
ARCH Reversal Consolidation Outside Downtrend
3 Scenarios for ARCH exist, shown by 3 yellow arrows.
In third scenario (most bearish) it takes ARCH quite a while to finally unwind its negativity, and you see a sort of chart similar to GRT. Sometimes these consolidations take a long time.
I have set alerts to buy here on the smaller most recent downtrend break. Right now the white dashed line support was broken so in the very near term its still bearish.
In third scenario (most bearish) it takes ARCH quite a while to finally unwind its negativity, and you see a sort of chart similar to GRT. Sometimes these consolidations take a long time.
I have set alerts to buy here on the smaller most recent downtrend break. Right now the white dashed line support was broken so in the very near term its still bearish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.