I am not one to speculate on future pattern formation but I am on the watch for a possible head and shoulders forming on ARKG. The pattern (if it ever forms) is missing the completion of the right shoulder so for now I will just wait calmly and see how it unfolds.
The Stochastic and RSI are curling up, which could propel a price increase in the short term (and form that right shoulder if the price retraces from the push up).
If the pattern does form don't hesitate to take your money off the table. H&S is one of the most reliable patterns and breaks out most of the times (in this case, to the downside as H&S is a bearish pattern). It would probably not be the cleanest textbook H&S but it would still fit main the criteria.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
The Stochastic and RSI are curling up, which could propel a price increase in the short term (and form that right shoulder if the price retraces from the push up).
If the pattern does form don't hesitate to take your money off the table. H&S is one of the most reliable patterns and breaks out most of the times (in this case, to the downside as H&S is a bearish pattern). It would probably not be the cleanest textbook H&S but it would still fit main the criteria.
***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***
***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***