$ARRY - RC -
Added 2023-10-20 13:08:03 +0000 UTC$ARRY is starting to break down from this ascending triangle in the PM now and is already showing -5% now after losing support yesterday.
We know that the ascending triangle is a bearish formation and the count leading to the formation was an ABC count, so it has not been looking like an impulse wave to me.
The only way the bulls can save this is making sure the price does not go below $15 (height of Wave A) and then getting back into the triangle.
They have a bit of work to do to stop this.
Comments
Thanks for the analysis.
Rui Macias
2023-10-20 17:40:30 +0000 UTC
