π ARK's recent market activities have caught considerable attention. ARK has shown resilience by rebounding perfectly upon reaching a crucial support level. Now, ARK is facing a significant resistance area while it traverses a broadening wedge pattern.
π A successful breakout through this resistance and the pattern's upper boundary could propel ARK into a substantial upward trajectory, probability making it straightforward to achieve our targeted Bearish OB area.
π However, should ARK struggle to surpass this resistance and face rejection, there's a strong possibility that the price could revert to a downward trend, leading back towards the key support area. This could be an opportunity for ARK to gather momentum for another attempt at breaking the resistance.
π In the scenario where ARK revisits the key support area, it's critical for the price to show a strong bounce. Failing to do so, and instead breaking down below this support level, could signal a continuation of the bearish trend and potentially lead to further downward movement.
π A successful breakout through this resistance and the pattern's upper boundary could propel ARK into a substantial upward trajectory, probability making it straightforward to achieve our targeted Bearish OB area.
π However, should ARK struggle to surpass this resistance and face rejection, there's a strong possibility that the price could revert to a downward trend, leading back towards the key support area. This could be an opportunity for ARK to gather momentum for another attempt at breaking the resistance.
π In the scenario where ARK revisits the key support area, it's critical for the price to show a strong bounce. Failing to do so, and instead breaking down below this support level, could signal a continuation of the bearish trend and potentially lead to further downward movement.
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