🛑$ARB /USDT 4 hour chart Bearish expending traingle braked 😮Retest at $0.1070 price. Is there a big pump from here 🤯
🔸Hello everyone. Here is an important update about the ARB coin. So I took this under two time frames aawe. Because Elliott wave cannot be analyzed in one time frame. So when we take the 4 HOUR chart, the higher high of the impulsive wave can be considered as $0.2123. So here, like in a parallel channel, ARB has gradually come down according to Elliott rules. Now let's see what are the confirmations on the bullish side.
🔸The impulsive wave has respected the FIB levels. Also, I expected an ending diagonal pattern in the last wave. But wave 5 ended strangely by creating a bearish expending traingle. So our point T is at $0.0942 price. This is where this bullish confirmation first comes in. An expanding triangle determines the direction of the price movement. So here is a bullish confirmation. Starting from here, the zigzag pattern or motive wave can be seen on the 1 hour chart, which has been pumped from the 0.618 Fib level. I see the blue area in the second chart as our entry point. So share your thoughts below.
