Bulls losing ARKG
Updated
Bulls need to step in soon. ARKG recent 100MA death cross the 200, 2nd retest of downward channel and 200MA fall . Not looking good and 72 first target.
If bears lose control, we see a breakout of the channel back up to 93 resistance levels.
Really nice volume shelf support at 83... this needs to hold.
Opened an 85/90 debit spread for 9/17 to be closed if we break below 80.5
If bears lose control, we see a breakout of the channel back up to 93 resistance levels.
Really nice volume shelf support at 83... this needs to hold.
Opened an 85/90 debit spread for 9/17 to be closed if we break below 80.5
Note
Channel rejection following through, need a pivot here or trade is invalidated
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.