$ARB The daily chart has posted losses for five consecutive days. There are three things to consider:
1) How big is the drop? -26.79%, which is quite large; an oversold rebound may be coming.
2) Has the losing streak been interrupted today? It’s currently up +3.5%, so the streak is being interrupted.
3) What was the volume on the day it was interrupted? A bullish candle on higher volume is more convincing than one on lower volume.
Do you trust the data or your emotions more?