Based on the data we have on the chart now, it looks like ARB is in a major correction.
Now we seem to have just entered the C wave.
Wave C is bearish.
In this wave C, the minimum price to which the price can drop is the green box.
In this wave C, the minimum time to pass is the time of the vertical line (November 24).
Closing a daily candle above the invalidation level will violate the analysis
The demand range is indicated by the Fibonacci ratios on the chart.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You