ARM - Uptrend & Breakout
TREND
Current wave structure: Uptrend.
Break out of the falling trendline cancels the head and shoulders formation.
Moving Averages
The current price is over 20-day (Red).
20-day has just crossed 50-day (Orange) and 100-day (Turquoise) together (so supports uptrend)
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
Current wave structure: Uptrend.
Break out of the falling trendline cancels the head and shoulders formation.
Moving Averages
The current price is over 20-day (Red).
20-day has just crossed 50-day (Orange) and 100-day (Turquoise) together (so supports uptrend)
SUMMARY
Based on this analysis, a price action following the blue arrow is highly probable.
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