Clear downtrend identified with sideways consolidation inside of a support zone (box indicated). Strategy is buying near bottom of box and/or upon breakout of downtrend line/80 whichever comes with volume.
I tend to consider the geometrical implications upon price charts, and when I notice that one section of a price chart has a different level of steepness than the other previous level, I tend to consider that a new trend based on momentum and price range. I don’t just look at one time frame per price chart, but let’s look at this 1D chart of ARX (which is up 30%...
