Risk is lowest at the lower channel.
Upside opens toward mid-channel (~$45–$50) and upper channel (~$60–$70) on a full-cycle move.
If price stays above the lower boundary, this could be the start of the next major wave within the long-term trend.
Key Observations
✅ Strong Upward Channel:
Price action respects both the lower trendline (support) and the upper trendline (resistance), forming a rising, widening channel that has held for several years.
✅ Mean Reversion Behavior:
ARQQ tends to move from lower channel support → midpoint dashed trendline → upper channel resistance, suggesting very predictable long-wave cycles.
✅ Current Position:
The stock is now bouncing off the lower support zone, historically a region where major rallies have begun.
Historical Pattern
Every time ARQQ touches the bottom of the channel, the following move has typically been:
Wave 1: 3×–4× move
Wave 2: 2×–3× move
Wave 3: 3×–4× move
Upside opens toward mid-channel (~$45–$50) and upper channel (~$60–$70) on a full-cycle move.
If price stays above the lower boundary, this could be the start of the next major wave within the long-term trend.
Key Observations
✅ Strong Upward Channel:
Price action respects both the lower trendline (support) and the upper trendline (resistance), forming a rising, widening channel that has held for several years.
✅ Mean Reversion Behavior:
ARQQ tends to move from lower channel support → midpoint dashed trendline → upper channel resistance, suggesting very predictable long-wave cycles.
✅ Current Position:
The stock is now bouncing off the lower support zone, historically a region where major rallies have begun.
Historical Pattern
Every time ARQQ touches the bottom of the channel, the following move has typically been:
Wave 1: 3×–4× move
Wave 2: 2×–3× move
Wave 3: 3×–4× move
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.