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team_USA
Sep 17, 2017 7:59 PM

Ark head & shoulders top reversal - 2 target prices Short

Ark / BitcoinBittrex

Description

ARK/BTC is showing a clear head & shoulders top reversal. expected target prices are labeled on the chart. first target is a probable support level, second target is based on pattern projection.

fundamentally this is an excellent coin (decentralized exchange), it just became a victim of hype and needs to cool off for a bit before it can make new highs.

trade at your own risk.

Comment

bounced off of the 2.618 fib level. due to the strong fundamentals of this coin, it may not end up reaching my labeled target prices. but we'll see.

Comment

headed to first target level now

Comment

target 1 reached

Trade closed: target reached

final target reached
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