$ARB : Analysis + Signal 🚨
1. ARB has fully retraced its entire uptrend and returned under $1 for a moment. Price
flushed as we broke down from the $1.40 level. This was a pretty quick breakdown.
2. With the downtrend pushing down on the $1 level, it seems like we are forming a
descending triangle, which looks more ready for a breakdown. This either forms a nicer
range, or this pattern is validated.
3. For a long position, look for ARB to breakout from the trendline that's ahead and cross
the monthly open at $1.0227. Good targets here are $1.08 and $1.15.
4. For a short position, look for ARB to continue accepting below $1. If this develops, good
targets are $0.92 and the wick low around $0.86.
