ARK bouncing from support

١٨ أكتوبر ٢٠١٧

I drew this chart about a week ago. Looking at the past few weeks, we have created a downward pennant and today we have just broke out of the pennant. We could see a trend reversal as long as the channel holds.

If this trend holds we could potentially see a decent return from this buy. However, before we break out more we should be seeing ARK going back to retest the support

١٩ أكتوبر ٢٠١٧

ملاحظة

Blue solid lines are the support. It should touch before bouncing if its a confirmed reversal.